Bp Plc maintained its position in Monster Beverage Corporation (NASDAQ:MNST) during the second quarter, Holdings Channel reports. The firm owned 54,000 shares of the company’s stock at the end of the second quarter. Bp Plc’s holdings in Monster Beverage Corporation were worth $2,683,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of MNST. Quadrature Capital Ltd boosted its position in Monster Beverage Corporation by 336.7% in the fourth quarter. Quadrature Capital Ltd now owns 6,900 shares of the company’s stock valued at $306,000 after buying an additional 5,320 shares during the last quarter. Macquarie Group Ltd. boosted its position in Monster Beverage Corporation by 274.1% in the fourth quarter. Macquarie Group Ltd. now owns 19,900 shares of the company’s stock valued at $882,000 after buying an additional 14,580 shares during the last quarter. National Pension Service boosted its position in Monster Beverage Corporation by 0.8% in the first quarter. National Pension Service now owns 334,467 shares of the company’s stock valued at $15,472,000 after buying an additional 2,800 shares during the last quarter. Bank of Montreal Can boosted its position in Monster Beverage Corporation by 94.1% in the first quarter. Bank of Montreal Can now owns 297,980 shares of the company’s stock valued at $13,757,000 after buying an additional 144,474 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Monster Beverage Corporation during the first quarter valued at approximately $1,043,000. Institutional investors and hedge funds own 65.91% of the company’s stock.

Shares of Monster Beverage Corporation (MNST) opened at 52.52 on Friday. The company has a market cap of $29.83 billion, a price-to-earnings ratio of 39.73 and a beta of 0.96. Monster Beverage Corporation has a 1-year low of $40.64 and a 1-year high of $54.24. The stock has a 50 day moving average price of $51.76 and a 200-day moving average price of $47.74.

Monster Beverage Corporation (NASDAQ:MNST) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company had revenue of $907.07 million during the quarter, compared to analysts’ expectations of $901.38 million. Monster Beverage Corporation had a return on equity of 22.96% and a net margin of 23.98%. The company’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.99 EPS. Equities research analysts forecast that Monster Beverage Corporation will post $1.48 earnings per share for the current year.

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MNST has been the subject of several recent analyst reports. Goldman Sachs Group, Inc. (The) cut Monster Beverage Corporation from a “conviction-buy” rating to a “buy” rating and set a $54.00 target price for the company. in a research report on Monday, April 17th. Jefferies Group LLC boosted their target price on Monster Beverage Corporation from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, April 19th. BMO Capital Markets restated a “buy” rating on shares of Monster Beverage Corporation in a research report on Thursday, April 27th. Susquehanna Bancshares Inc set a $41.00 target price on Monster Beverage Corporation and gave the stock a “hold” rating in a research report on Monday, May 1st. Finally, Morgan Stanley restated an “overweight” rating and set a $58.00 target price on shares of Monster Beverage Corporation in a research report on Friday, May 5th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $56.28.

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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