TT International Increases Stake in Monster Beverage Corporation (MNST)

TT International increased its holdings in Monster Beverage Corporation (NASDAQ:MNST) by 73.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 83,418 shares of the company’s stock after purchasing an additional 35,261 shares during the period. Monster Beverage makes up about 0.8% of TT International’s holdings, making the stock its 29th biggest holding. TT International’s holdings in Monster Beverage were worth $4,608,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MNST. Bank of New York Mellon Corp boosted its position in Monster Beverage by 19.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,132,325 shares of the company’s stock valued at $338,810,000 after buying an additional 1,008,607 shares during the period. Vanguard Group Inc. boosted its position in Monster Beverage by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 28,432,909 shares of the company’s stock valued at $1,412,547,000 after buying an additional 771,913 shares during the period. Nationwide Fund Advisors boosted its position in Monster Beverage by 186.2% during the 2nd quarter. Nationwide Fund Advisors now owns 1,175,384 shares of the company’s stock valued at $58,393,000 after buying an additional 764,665 shares during the period. Alyeska Investment Group L.P. boosted its position in Monster Beverage by 163.6% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,173,475 shares of the company’s stock valued at $64,834,000 after buying an additional 728,295 shares during the period. Finally, Chilton Investment Co. LLC purchased a new stake in Monster Beverage during the 2nd quarter valued at $35,322,000. 65.88% of the stock is owned by institutional investors.

Shares of Monster Beverage Corporation (NASDAQ:MNST) opened at $62.91 on Wednesday. Monster Beverage Corporation has a 12-month low of $41.02 and a 12-month high of $63.54. The company has a market cap of $35,495.85, a PE ratio of 42.82, a PEG ratio of 2.24 and a beta of 0.94.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Wednesday, November 8th. The company reported $0.40 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. Monster Beverage had a net margin of 23.92% and a return on equity of 23.45%. The firm had revenue of $909.50 million during the quarter, compared to analysts’ expectations of $903.82 million. During the same period last year, the company posted $0.34 EPS. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. analysts predict that Monster Beverage Corporation will post 1.48 EPS for the current year.

Several equities research analysts have weighed in on the stock. Susquehanna Bancshares set a $51.00 price target on shares of Monster Beverage and gave the company a “sell” rating in a research report on Monday, November 20th. BMO Capital Markets reissued an “outperform” rating and set a $65.00 price target (up previously from $58.00) on shares of Monster Beverage in a research report on Thursday, November 9th. UBS cut shares of Monster Beverage to a “neutral” rating in a research report on Monday, November 20th. Royal Bank of Canada reissued a “buy” rating and set a $61.00 price target on shares of Monster Beverage in a research report on Friday, September 22nd. Finally, Jefferies Group increased their price target on shares of Monster Beverage from $64.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, November 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $59.24.

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About Monster Beverage

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 (NASDAQ:MNST)

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