Monster Beverage Corporation (MNST) Stake Lowered by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC decreased its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 17.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,641 shares of the company’s stock after selling 3,059 shares during the period. Cubist Systematic Strategies LLC’s holdings in Monster Beverage Corporation were worth $727,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Atlantic Trust Group LLC boosted its stake in Monster Beverage Corporation by 4.3% during the second quarter. Atlantic Trust Group LLC now owns 484,219 shares of the company’s stock valued at $24,056,000 after buying an additional 19,966 shares during the period. BlackRock Inc. boosted its stake in Monster Beverage Corporation by 1.7% during the second quarter. BlackRock Inc. now owns 21,937,361 shares of the company’s stock valued at $1,089,848,000 after buying an additional 376,666 shares during the period. Cim Investment Mangement Inc. boosted its stake in Monster Beverage Corporation by 250.5% during the second quarter. Cim Investment Mangement Inc. now owns 22,982 shares of the company’s stock valued at $1,142,000 after buying an additional 16,426 shares during the period. Chilton Investment Co. LLC bought a new stake in Monster Beverage Corporation during the second quarter valued at $35,322,000. Finally, Calamos Advisors LLC boosted its stake in Monster Beverage Corporation by 7.5% during the second quarter. Calamos Advisors LLC now owns 652,398 shares of the company’s stock valued at $32,411,000 after buying an additional 45,469 shares during the period. 65.87% of the stock is owned by institutional investors.

Several brokerages have issued reports on MNST. Jefferies Group LLC reaffirmed a “buy” rating and set a $65.00 price target on shares of Monster Beverage Corporation in a research note on Friday, October 13th. Susquehanna Bancshares Inc reaffirmed a “hold” rating and set a $42.00 price target (down previously from $45.00) on shares of Monster Beverage Corporation in a research note on Monday, August 7th. BidaskClub raised Monster Beverage Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Credit Suisse Group reaffirmed an “outperform” rating and set a $61.00 price target on shares of Monster Beverage Corporation in a research note on Thursday, September 7th. Finally, Zacks Investment Research downgraded Monster Beverage Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Monster Beverage Corporation presently has an average rating of “Buy” and an average target price of $57.06.

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

Monster Beverage Corporation (NASDAQ MNST) traded down 0.79% on Friday, hitting $56.30. The company’s stock had a trading volume of 272,612 shares. The firm has a market cap of $31.99 billion, a price-to-earnings ratio of 42.59 and a beta of 1.02. The firm has a 50 day moving average of $55.92 and a 200 day moving average of $51.86. Monster Beverage Corporation has a 12 month low of $40.64 and a 12 month high of $57.25.

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

Monster Beverage Corporation 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.

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

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