Monster Beverage Corporation (MNST) Shares Sold by Axiom International Investors LLC DE
Axiom International Investors LLC DE trimmed its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 12.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 534,490 shares of the company’s stock after selling 75,569 shares during the period. Axiom International Investors LLC DE owned approximately 0.09% of Monster Beverage worth $29,531,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of MNST. Bank of New York Mellon Corp boosted its holdings in shares of Monster Beverage by 19.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,132,325 shares of the company’s stock worth $338,810,000 after buying an additional 1,008,607 shares in the last quarter. Harbour Capital Advisors LLC boosted its holdings in shares of Monster Beverage by 6,737.7% during the 2nd quarter. Harbour Capital Advisors LLC now owns 890,266 shares of the company’s stock worth $17,920,000 after buying an additional 877,246 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Monster Beverage by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 28,432,909 shares of the company’s stock worth $1,412,547,000 after buying an additional 771,913 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in shares of Monster Beverage by 186.2% during the 2nd quarter. Nationwide Fund Advisors now owns 1,175,384 shares of the company’s stock worth $58,393,000 after buying an additional 764,665 shares in the last quarter. Finally, Chilton Investment Co. LLC bought a new position in shares of Monster Beverage during the 2nd quarter worth approximately $35,322,000. Hedge funds and other institutional investors own 64.89% of the company’s stock.
A number of equities analysts have issued reports on the company. Jefferies Group LLC increased their price target on Monster Beverage from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Stifel Nicolaus restated a “buy” rating and set a $57.00 price target on shares of Monster Beverage in a report on Wednesday, August 9th. Zacks Investment Research cut Monster Beverage from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Credit Suisse Group set a $61.00 price target on Monster Beverage and gave the stock an “outperform” rating in a report on Wednesday, August 9th. Finally, Susquehanna Bancshares Inc set a $51.00 price target on Monster Beverage and gave the stock a “sell” rating in a report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $58.74.
In other news, Director Sydney Selati sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $56.00, for a total transaction of $560,000.00. Following the transaction, the director now directly owns 52,000 shares of the company’s stock, valued at $2,912,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.40% of the stock is owned by corporate insiders.
Monster Beverage Corporation (NASDAQ:MNST) opened at $61.75 on Monday. Monster Beverage Corporation has a 12-month low of $41.02 and a 12-month high of $62.80. The firm has a market capitalization of $34,820.00, a P/E ratio of 42.01, a PEG ratio of 2.20 and a beta of 0.91.
Monster Beverage (NASDAQ:MNST) last issued its earnings results on Wednesday, November 8th. The company reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. Monster Beverage had a return on equity of 23.45% and a net margin of 23.92%. The company had revenue of $909.50 million for the quarter, compared to analyst estimates of $903.82 million. During the same period in the prior year, the firm earned $0.34 earnings per share. Monster Beverage’s revenue for the quarter was up 15.4% on a year-over-year basis. equities research analysts predict that Monster Beverage Corporation will post 1.48 EPS for the current fiscal year.
Monster Beverage Profile
Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.
Want to see what other hedge funds are holding MNST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monster Beverage Corporation (NASDAQ:MNST).
Receive News & Ratings for Monster Beverage Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.