Icon Advisers Inc. Co. trimmed its holdings in Monster Beverage Corporation (NASDAQ:MNST) by 15.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,400 shares of the company’s stock after selling 14,100 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Monster Beverage Corporation were worth $3,746,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Atlantic Trust Group LLC boosted its position in shares of Monster Beverage Corporation by 4.3% in the second quarter. Atlantic Trust Group LLC now owns 484,219 shares of the company’s stock valued at $24,056,000 after acquiring an additional 19,966 shares during the period. Cim Investment Mangement Inc. boosted its position in shares of Monster Beverage Corporation by 250.5% in the second quarter. Cim Investment Mangement Inc. now owns 22,982 shares of the company’s stock valued at $1,142,000 after acquiring an additional 16,426 shares during the period. Calamos Advisors LLC boosted its position in shares of Monster Beverage Corporation by 7.5% in the second quarter. Calamos Advisors LLC now owns 652,398 shares of the company’s stock valued at $32,411,000 after acquiring an additional 45,469 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Monster Beverage Corporation by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 955,106 shares of the company’s stock valued at $44,097,000 after acquiring an additional 14,692 shares during the period. Finally, Swiss National Bank boosted its position in shares of Monster Beverage Corporation by 3.1% in the second quarter. Swiss National Bank now owns 1,460,602 shares of the company’s stock valued at $72,563,000 after acquiring an additional 44,200 shares during the period. 65.88% of the stock is owned by institutional investors.

In other news, Director Sydney Selati sold 10,000 shares of the company’s stock in a transaction on Friday, September 1st. The stock was 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 directly owns 52,000 shares in the company, valued at approximately $2,912,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.40% of the company’s stock.

Several research firms have recently weighed in on MNST. UBS AG set a $59.00 price objective on Monster Beverage Corporation and gave the company a “buy” rating in a research report on Wednesday, June 21st. Jefferies Group LLC increased their price objective on Monster Beverage Corporation from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reissued a “buy” rating and issued a $57.00 price objective on shares of Monster Beverage Corporation in a research report on Wednesday, August 9th. Credit Suisse Group set a $61.00 price objective on Monster Beverage Corporation and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research cut Monster Beverage Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $56.86.

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Monster Beverage Corporation (MNST) opened at 56.56 on Friday. Monster Beverage Corporation has a one year low of $40.64 and a one year high of $57.25. The firm’s 50 day moving average price is $54.59 and its 200-day moving average price is $49.83. The company has a market capitalization of $32.14 billion, a PE ratio of 42.78 and a beta of 0.99.

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 analysts’ consensus estimates 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 was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 earnings per share. Equities analysts forecast that Monster Beverage Corporation will post $1.48 earnings per share for the current fiscal year.

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.

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

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