Rafferty Asset Management LLC grew its position in Monster Beverage Corporation (NASDAQ:MNST) by 14.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,429 shares of the company’s stock after purchasing an additional 3,686 shares during the quarter. Rafferty Asset Management LLC’s holdings in Monster Beverage Corporation were worth $1,412,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MNST. FMR LLC grew its position in Monster Beverage Corporation by 0.4% during the first quarter. FMR LLC now owns 44,820,069 shares of the company’s stock worth $2,069,342,000 after buying an additional 194,334 shares in the last quarter. Vanguard Group Inc. grew its position in Monster Beverage Corporation by 3.0% during the first quarter. Vanguard Group Inc. now owns 27,660,996 shares of the company’s stock worth $1,277,108,000 after buying an additional 799,703 shares in the last quarter. BlackRock Inc. grew its position in Monster Beverage Corporation by 1.7% during the second quarter. BlackRock Inc. now owns 21,937,361 shares of the company’s stock worth $1,089,848,000 after buying an additional 376,666 shares in the last quarter. Loomis Sayles & Co. L P grew its position in Monster Beverage Corporation by 0.8% during the first quarter. Loomis Sayles & Co. L P now owns 20,621,437 shares of the company’s stock worth $952,091,000 after buying an additional 169,196 shares in the last quarter. Finally, State Street Corp grew its position in Monster Beverage Corporation by 1.2% during the first quarter. State Street Corp now owns 16,907,767 shares of the company’s stock worth $780,633,000 after buying an additional 203,730 shares in the last quarter. 65.89% of the stock is currently owned by institutional investors.

In other Monster Beverage Corporation news, Director Sydney Selati sold 10,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $56.00, for a total value of $560,000.00. Following the completion of the sale, the director now directly owns 52,000 shares of the company’s stock, valued at $2,912,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.40% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Rafferty Asset Management LLC Boosts Stake in Monster Beverage Corporation (MNST)” was reported by Daily Political and is owned by of Daily Political. If you are reading this story on another publication, it was illegally stolen and reposted in violation of international copyright and trademark law. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/09/23/rafferty-asset-management-llc-boosts-stake-in-monster-beverage-corporation-mnst.html.

Monster Beverage Corporation (MNST) opened at 55.81 on Friday. The stock has a 50 day moving average price of $54.84 and a 200-day moving average price of $50.17. Monster Beverage Corporation has a 52 week low of $40.64 and a 52 week high of $57.25. The company has a market capitalization of $31.71 billion, a PE ratio of 42.22 and a beta of 0.99.

Monster Beverage Corporation (NASDAQ:MNST) last posted its quarterly earnings results 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 the consensus estimate 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 revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 earnings per share. On average, equities analysts predict that Monster Beverage Corporation will post $1.48 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on MNST. UBS AG set a $59.00 price target on Monster Beverage Corporation and gave the stock a “buy” rating in a research report on Wednesday, June 21st. Jefferies Group LLC increased their price target on Monster Beverage Corporation from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Royal Bank Of Canada reissued a “buy” rating and set a $61.00 price target on shares of Monster Beverage Corporation in a research report on Friday. Stifel Nicolaus reissued a “buy” rating and set a $57.00 price target on shares of Monster Beverage Corporation in a research report on Wednesday, August 9th. Finally, Credit Suisse Group set a $61.00 price target on Monster Beverage Corporation and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Monster Beverage Corporation currently has an average rating of “Buy” and a consensus price target of $56.86.

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.

Want to see what other hedge funds are holding MNST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monster Beverage Corporation (NASDAQ:MNST).

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

Receive News & Ratings for Monster Beverage Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage Corporation and related companies with MarketBeat.com's FREE daily email newsletter.