Valeo Financial Advisors LLC purchased a new position in shares of Monster Beverage Corporation (NASDAQ:MNST) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,064 shares of the company’s stock, valued at approximately $169,000.

Several other large investors have also modified their holdings of MNST. Bank of New York Mellon Corp lifted its holdings in shares of Monster Beverage by 19.7% during the third quarter. Bank of New York Mellon Corp now owns 6,132,325 shares of the company’s stock worth $338,810,000 after purchasing an additional 1,008,607 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Monster Beverage by 2.8% during the second quarter. Vanguard Group Inc. now owns 28,432,909 shares of the company’s stock worth $1,412,547,000 after purchasing an additional 771,913 shares during the period. Nationwide Fund Advisors lifted its holdings in shares of Monster Beverage by 186.2% during the second quarter. Nationwide Fund Advisors now owns 1,175,384 shares of the company’s stock worth $58,393,000 after purchasing an additional 764,665 shares during the period. Alyeska Investment Group L.P. lifted its holdings in shares of Monster Beverage by 163.6% during the third quarter. Alyeska Investment Group L.P. now owns 1,173,475 shares of the company’s stock worth $64,834,000 after purchasing an additional 728,295 shares during the period. Finally, Chilton Investment Co. LLC bought a new position in Monster Beverage during the second quarter worth $35,322,000. Institutional investors own 65.88% of the company’s stock.

Shares of Monster Beverage Corporation (NASDAQ MNST) opened at $62.91 on Wednesday. Monster Beverage Corporation has a 52 week low of $41.02 and a 52 week high of $63.54. The firm has a market cap of $35,495.85, a price-to-earnings ratio of 42.82, a price-to-earnings-growth ratio of 2.24 and a beta of 0.94.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. Monster Beverage had a net margin of 23.92% and a return on equity of 23.45%. The firm had revenue of $909.50 million during the quarter, compared to the consensus estimate of $903.82 million. During the same period in the previous year, the firm posted $0.34 earnings per share. The business’s revenue was up 15.4% compared to the same quarter last year. equities analysts predict that Monster Beverage Corporation will post 1.48 EPS for the current fiscal year.

A number of equities analysts recently weighed in on the stock. Citigroup set a $60.00 target price on shares of Monster Beverage and gave the stock a “buy” rating in a research note on Wednesday, October 18th. BMO Capital Markets reissued a “buy” rating and set a $58.00 target price on shares of Monster Beverage in a research note on Wednesday, September 6th. Susquehanna Bancshares set a $51.00 target price on shares of Monster Beverage and gave the stock a “sell” rating in a research note on Monday, November 20th. Credit Suisse Group lowered their target price on shares of Monster Beverage from $64.00 to $62.00 and set an “outperform” rating for the company in a research note on Thursday, November 9th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $57.00 target price on shares of Monster Beverage in a research note on Saturday, September 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $59.24.

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Monster Beverage Company 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.

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

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