Emerald Advisers Inc. PA trimmed its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 41.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,120 shares of the company’s stock after selling 7,973 shares during the quarter. Emerald Advisers Inc. PA’s holdings in Monster Beverage Corporation were worth $614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MNST. Harbour Capital Advisors LLC lifted its holdings in shares of Monster Beverage Corporation by 6,737.7% during the 2nd quarter. Harbour Capital Advisors LLC now owns 890,266 shares of the company’s stock valued at $17,920,000 after buying an additional 877,246 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Monster Beverage Corporation by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 28,432,909 shares of the company’s stock valued at $1,412,547,000 after buying an additional 771,913 shares during the period. Nationwide Fund Advisors lifted its holdings in shares of Monster Beverage Corporation by 186.2% during the 2nd quarter. Nationwide Fund Advisors now owns 1,175,384 shares of the company’s stock valued at $58,393,000 after buying an additional 764,665 shares during the period. Chilton Investment Co. LLC bought a new position in shares of Monster Beverage Corporation during the 2nd quarter valued at $35,322,000. Finally, American Century Companies Inc. lifted its holdings in shares of Monster Beverage Corporation by 14.2% during the 2nd quarter. American Century Companies Inc. now owns 4,968,946 shares of the company’s stock valued at $246,857,000 after buying an additional 619,349 shares during the period. 65.84% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Sydney Selati sold 10,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $56.00, for a total value of $560,000.00. Following the completion of the transaction, the director now owns 52,000 shares of the company’s stock, valued at approximately $2,912,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.40% of the stock is owned by corporate insiders.

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MNST has been the topic of several research analyst reports. BMO Capital Markets reissued a “buy” rating and set a $58.00 price target on shares of Monster Beverage Corporation in a report on Thursday. Credit Suisse Group set a $61.00 price target on Monster Beverage Corporation and gave the company an “outperform” rating in a report on Wednesday, August 9th. BidaskClub upgraded Monster Beverage Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Stifel Nicolaus restated a “buy” rating and issued a $57.00 price objective on shares of Monster Beverage Corporation in a research note on Wednesday, August 9th. Finally, Zacks Investment Research upgraded Monster Beverage Corporation from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Monday, July 17th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $57.06.

Monster Beverage Corporation (NASDAQ:MNST) opened at $57.67 on Monday. Monster Beverage Corporation has a 1-year low of $40.64 and a 1-year high of $58.54. The company has a market cap of $32,766.31, a PE ratio of 41.19, a price-to-earnings-growth ratio of 2.06 and a beta of 0.91.

Monster Beverage Corporation (NASDAQ:MNST) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). Monster Beverage Corporation had a net margin of 23.98% and a return on equity of 22.96%. The company had revenue of $907.07 million for the quarter, compared to the consensus estimate of $901.38 million. During the same period last year, the company earned $0.99 EPS. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. equities analysts anticipate that Monster Beverage Corporation will post 1.47 earnings per share for the current year.

About Monster Beverage Corporation

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.

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Institutional Ownership by Quarter for Monster Beverage Corporation (NASDAQ:MNST)

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