The Monster Beverage Corp. (MNST) Stake Maintained by TT International

The Monster Beverage Corp. (MNST) Stake Maintained by TT International

TT International held its stake in Monster Beverage Corp. (NASDAQ:MNST) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,448 shares of the company’s stock at the end of the third quarter. TT International’s holdings in Monster Beverage Corp. were worth $2,561,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Commonwealth Bank of Australia boosted its stake in Monster Beverage Corp. by 17.4% in the second quarter. Commonwealth Bank of Australia now owns 627 shares of the company’s stock valued at $101,000 after buying an additional 93 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. purchased a new position in Monster Beverage Corp. during the second quarter valued at approximately $203,000. Genesee Valley Trust Co. purchased a new position in Monster Beverage Corp. during the second quarter valued at approximately $204,000. Wetherby Asset Management Inc. purchased a new position in Monster Beverage Corp. during the second quarter valued at approximately $205,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in Monster Beverage Corp. during the second quarter valued at approximately $206,000. Hedge funds and other institutional investors own 22.01% of the company’s stock.

Shares of Monster Beverage Corp. (NASDAQ:MNST) traded down 0.288% on Thursday, reaching $43.335. The company had a trading volume of 1,558,083 shares. The stock has a 50 day moving average price of $44.53 and a 200-day moving average price of $113.21. Monster Beverage Corp. has a 12 month low of $37.69 and a 12 month high of $55.50. The company has a market capitalization of $24.74 billion, a price-to-earnings ratio of 38.900 and a beta of 0.83.

Monster Beverage Corp. (NASDAQ:MNST) last issued its earnings results on Thursday, November 3rd. The company reported $0.99 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by $0.13. The business earned $788 million during the quarter, compared to analyst estimates of $819.90 million. Monster Beverage Corp. had a return on equity of 17.06% and a net margin of 23.07%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $0.84 EPS. Analysts forecast that Monster Beverage Corp. will post $1.24 EPS for the current fiscal year.

Several research analysts have commented on the company. Susquehanna set a $41.00 price target on Monster Beverage Corp. and gave the stock a “hold” rating in a research report on Saturday, November 12th. Stifel Nicolaus set a $59.00 price target on Monster Beverage Corp. and gave the stock a “buy” rating in a research report on Sunday. Jefferies Group set a $58.00 price target on Monster Beverage Corp. and gave the stock a “buy” rating in a research report on Sunday. Vetr raised Monster Beverage Corp. from a “buy” rating to a “strong-buy” rating and set a $48.41 price target on the stock in a research report on Thursday, January 12th. Finally, Zacks Investment Research lowered Monster Beverage Corp. from a “hold” rating to a “sell” rating in a research report on Monday, November 7th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $54.34.

About Monster Beverage Corp.

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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