Cigna Investments Inc. New reduced its stake in Monster Beverage Corporation (NASDAQ:MNST) by 6.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 15,669 shares of the company’s stock after selling 1,128 shares during the period. Cigna Investments Inc. New’s holdings in Monster Beverage Corporation were worth $778,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Macquarie Group Ltd. boosted its position in Monster Beverage Corporation by 274.1% in the fourth quarter. Macquarie Group Ltd. now owns 19,900 shares of the company’s stock valued at $882,000 after buying an additional 14,580 shares during the period. National Pension Service boosted its position in Monster Beverage Corporation by 0.8% in the first quarter. National Pension Service now owns 334,467 shares of the company’s stock valued at $15,472,000 after buying an additional 2,800 shares during the period. Bank of Montreal Can boosted its position in Monster Beverage Corporation by 94.1% in the first quarter. Bank of Montreal Can now owns 297,980 shares of the company’s stock valued at $13,757,000 after buying an additional 144,474 shares during the period. Fox Run Management L.L.C. bought a new position in Monster Beverage Corporation during the first quarter valued at $1,043,000. Finally, Cim LLC boosted its position in Monster Beverage Corporation by 0.8% in the first quarter. Cim LLC now owns 168,993 shares of the company’s stock valued at $7,803,000 after buying an additional 1,274 shares during the period. Institutional investors own 65.91% of the company’s stock.

Monster Beverage Corporation (MNST) opened at 53.82 on Friday. Monster Beverage Corporation has a one year low of $40.64 and a one year high of $161.74. The company has a market cap of $30.58 billion, a PE ratio of 40.71 and a beta of 0.96. The stock has a 50 day moving average of $51.84 and a 200 day moving average of $47.82.

Monster Beverage Corporation (NASDAQ:MNST) last released its earnings results on Tuesday, August 8th. The company reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company had revenue of $907.07 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 EPS. On average, analysts anticipate that Monster Beverage Corporation will post $1.48 earnings per share for the current fiscal year.

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MNST has been the topic of several research analyst reports. 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 on the stock. in a research report on Monday, April 17th. Jefferies Group LLC upped their price objective on shares of Monster Beverage Corporation from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, April 19th. BMO Capital Markets reiterated a “buy” rating on shares of Monster Beverage Corporation in a research report on Thursday, April 27th. Susquehanna Bancshares Inc set a $41.00 price target on shares of Monster Beverage Corporation and gave the company a “hold” rating in a research report on Monday, May 1st. Finally, Morgan Stanley reiterated an “overweight” rating and set a $58.00 price target on shares of Monster Beverage Corporation in a research report on Friday, May 5th. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company 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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