New Jersey Better Educational Savings Trust cut its position in Monster Beverage Corporation (NASDAQ:MNST) by 18.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,000 shares of the company’s stock after selling 2,000 shares during the period. New Jersey Better Educational Savings Trust’s holdings in Monster Beverage Corporation were worth $447,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Candriam Luxembourg S.C.A. boosted its position in shares of Monster Beverage Corporation by 29.2% in the first quarter. Candriam Luxembourg S.C.A. now owns 21,896 shares of the company’s stock worth $1,011,000 after buying an additional 4,949 shares during the period. Cape Cod Five Cents Savings Bank bought a new position in shares of Monster Beverage Corporation during the first quarter worth approximately $1,006,000. Retirement Systems of Alabama boosted its position in shares of Monster Beverage Corporation by 1.2% in the first quarter. Retirement Systems of Alabama now owns 194,465 shares of the company’s stock worth $8,978,000 after buying an additional 2,320 shares during the period. Boston Advisors LLC boosted its position in shares of Monster Beverage Corporation by 7,367.2% in the first quarter. Boston Advisors LLC now owns 386,653 shares of the company’s stock worth $17,852,000 after buying an additional 381,475 shares during the period. Finally, Capital Impact Advisors LLC boosted its position in shares of Monster Beverage Corporation by 48.7% in the first quarter. Capital Impact Advisors LLC now owns 29,667 shares of the company’s stock worth $1,370,000 after buying an additional 9,720 shares during the period. Hedge funds and other institutional investors own 65.91% of the company’s stock.

Shares of Monster Beverage Corporation (NASDAQ MNST) opened at 52.52 on Friday. The company has a market capitalization of $29.83 billion, a price-to-earnings ratio of 39.73 and a beta of 0.96. The company’s 50 day moving average price is $51.76 and its 200-day moving average price is $47.74. Monster Beverage Corporation has a 52 week low of $40.64 and a 52 week high of $54.24.

Monster Beverage Corporation (NASDAQ:MNST) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.01. The business 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 previous year, the company posted $0.99 earnings per share. Analysts anticipate that Monster Beverage Corporation will post $1.48 earnings per share for the current fiscal year.

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A number of equities analysts have recently commented on the company. Susquehanna Bancshares Inc reiterated a “hold” rating and issued a $42.00 target price (down previously from $45.00) on shares of Monster Beverage Corporation in a report on Monday. Jefferies Group LLC lifted their target price on Monster Beverage Corporation from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday. Credit Suisse Group set a $61.00 target price on Monster Beverage Corporation and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus reiterated a “buy” rating and issued a $57.00 target price on shares of Monster Beverage Corporation in a report on Wednesday. Finally, Zacks Investment Research cut Monster Beverage Corporation from a “buy” rating to a “hold” rating in a report on Thursday. Three analysts have rated the stock with a hold rating, twelve have assigned 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 an average price target 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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