Daiwa Securities Group Inc. raised its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 40.1% during the second quarter, Holdings Channel reports. The institutional investor owned 19,550 shares of the company’s stock after buying an additional 5,600 shares during the period. Daiwa Securities Group Inc.’s holdings in Monster Beverage Corporation were worth $971,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in MNST. Huntington National Bank boosted its stake in shares of Monster Beverage Corporation by 42.2% in the second quarter. Huntington National Bank now owns 2,133 shares of the company’s stock valued at $106,000 after buying an additional 633 shares in the last quarter. Coconut Grove Bank boosted its stake in shares of Monster Beverage Corporation by 128.0% in the first quarter. Coconut Grove Bank now owns 2,565 shares of the company’s stock valued at $118,000 after buying an additional 1,440 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Monster Beverage Corporation by 7.7% in the first quarter. Assetmark Inc. now owns 4,350 shares of the company’s stock valued at $201,000 after buying an additional 311 shares in the last quarter. Dynamic Advisors Solutions LLC acquired a new stake in shares of Monster Beverage Corporation during the second quarter valued at about $202,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Monster Beverage Corporation by 59.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,612 shares of the company’s stock valued at $213,000 after buying an additional 1,712 shares in the last quarter. 65.91% of the stock is owned by institutional investors.

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

Monster Beverage Corporation (NASDAQ:MNST) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $907.07 million for 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 business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 earnings per share. Analysts forecast that Monster Beverage Corporation will post $1.48 earnings per share for the current year.

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Several analysts recently issued reports on MNST shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $62.00 price objective on shares of Monster Beverage Corporation in a research note on Friday, April 28th. BMO Capital Markets reaffirmed a “buy” rating on shares of Monster Beverage Corporation in a research note on Thursday, April 27th. Goldman Sachs Group, Inc. (The) cut shares of Monster Beverage Corporation from a “conviction-buy” rating to a “buy” rating and set a $54.00 price objective for the company. in a research note on Monday, April 17th. Credit Suisse Group set a $59.00 price objective on shares of Monster Beverage Corporation and gave the company a “buy” rating in a research note on Saturday, May 6th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $57.00 price objective on shares of Monster Beverage Corporation in a research note on Tuesday, June 20th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Monster Beverage Corporation currently has a consensus rating of “Buy” and a consensus target price of $56.28.

Monster Beverage Corporation 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 Corporation (NASDAQ:MNST)

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