Cambridge Investment Research Advisors Inc. Sells 3,544 Shares of Monster Beverage Corporation (MNST)

Cambridge Investment Research Advisors Inc. decreased its position in Monster Beverage Corporation (NASDAQ:MNST) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,600 shares of the company’s stock after selling 3,544 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Monster Beverage Corporation were worth $4,508,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MNST. OppenheimerFunds Inc. boosted its position in Monster Beverage Corporation by 10.9% during the first quarter. OppenheimerFunds Inc. now owns 8,291 shares of the company’s stock worth $383,000 after purchasing an additional 812 shares during the period. Dimensional Fund Advisors LP boosted its position in Monster Beverage Corporation by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 955,106 shares of the company’s stock worth $44,097,000 after purchasing an additional 14,692 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Monster Beverage Corporation by 9.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 102,647 shares of the company’s stock worth $5,100,000 after buying an additional 9,000 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in shares of Monster Beverage Corporation by 3.6% during the second quarter. LS Investment Advisors LLC now owns 11,602 shares of the company’s stock worth $576,000 after buying an additional 400 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Monster Beverage Corporation by 5.6% during the second quarter. Nisa Investment Advisors LLC now owns 134,140 shares of the company’s stock worth $6,672,000 after buying an additional 7,100 shares during the last quarter. 65.82% of the stock is owned by institutional investors and hedge funds.

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In other Monster Beverage Corporation news, Director Sydney Selati sold 10,000 shares of the firm’s stock in a transaction dated 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 owns 52,000 shares in the company, valued at $2,912,000. The sale was disclosed in a document filed with the SEC, which is available through this link. 9.40% of the stock is currently owned by company insiders.

Shares of Monster Beverage Corporation (NASDAQ:MNST) traded up $0.40 on Friday, reaching $62.00. The company’s stock had a trading volume of 2,729,600 shares, compared to its average volume of 2,224,466. Monster Beverage Corporation has a 12-month low of $41.02 and a 12-month high of $62.80. The company has a market capitalization of $34,970.00, a PE ratio of 41.90, a P/E/G ratio of 2.19 and a beta of 0.91.

Monster Beverage Corporation (NASDAQ:MNST) last issued its earnings results on Wednesday, November 8th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.40. Monster Beverage Corporation had a return on equity of 23.45% and a net margin of 23.92%. The firm had revenue of $909.50 million for the quarter, compared to analysts’ expectations of $903.82 million. During the same quarter last year, the business earned $0.34 earnings per share. The company’s revenue was up 15.4% compared to the same quarter last year. sell-side analysts anticipate that Monster Beverage Corporation will post 1.48 earnings per share for the current year.

MNST has been the subject of a number of research analyst reports. Jefferies Group LLC reiterated a “buy” rating and set a $65.00 price target on shares of Monster Beverage Corporation in a report on Friday, October 13th. Stifel Nicolaus reiterated a “buy” rating and set a $57.00 price target on shares of Monster Beverage Corporation in a report on Saturday, September 23rd. Royal Bank Of Canada reiterated a “buy” rating and set a $61.00 price target on shares of Monster Beverage Corporation in a report on Friday, September 22nd. BMO Capital Markets reiterated a “buy” rating and set a $58.00 price target on shares of Monster Beverage Corporation in a report on Wednesday, September 6th. Finally, Citigroup Inc. set a $60.00 price target on Monster Beverage Corporation and gave the stock a “buy” rating in a report on Wednesday, October 18th. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $58.68.

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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