AMP Capital Investors Ltd Has $12.49 Million Holdings in Monster Beverage Corporation (MNST)

AMP Capital Investors Ltd cut its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 7.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 225,967 shares of the company’s stock after selling 19,265 shares during the quarter. AMP Capital Investors Ltd’s holdings in Monster Beverage were worth $12,485,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MNST. Liberty Capital Management Inc. lifted its position in shares of Monster Beverage by 2,028.0% in the third quarter. Liberty Capital Management Inc. now owns 2,128 shares of the company’s stock worth $120,000 after purchasing an additional 2,028 shares in the last quarter. Commonwealth Bank of Australia lifted its position in shares of Monster Beverage by 11.0% in the second quarter. Commonwealth Bank of Australia now owns 2,346 shares of the company’s stock worth $116,000 after purchasing an additional 232 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Monster Beverage by 397.6% in the third quarter. Bessemer Group Inc. now owns 2,682 shares of the company’s stock worth $148,000 after purchasing an additional 2,143 shares in the last quarter. Sun Life Financial INC lifted its position in shares of Monster Beverage by 29,250.0% in the second quarter. Sun Life Financial INC now owns 2,935 shares of the company’s stock worth $146,000 after purchasing an additional 2,925 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in shares of Monster Beverage in the third quarter worth approximately $182,000. 65.88% of the stock is owned by institutional investors.

Monster Beverage Corporation (MNST) opened at $63.22 on Monday. Monster Beverage Corporation has a twelve month low of $41.02 and a twelve month high of $63.54. The company has a market capitalization of $35,650.00, a P/E ratio of 43.01, a price-to-earnings-growth ratio of 2.25 and a beta of 0.94.

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

Several equities analysts recently weighed in on MNST shares. Jefferies Group reaffirmed a “buy” rating and set a $64.00 price objective on shares of Monster Beverage in a research report on Thursday, November 9th. BMO Capital Markets reaffirmed a “buy” rating and set a $58.00 price objective on shares of Monster Beverage in a research report on Thursday, November 2nd. Cowen reaffirmed a “buy” rating and set a $58.00 price objective on shares of Monster Beverage in a research report on Friday, October 27th. Citigroup set a $60.00 price objective on shares of Monster Beverage and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $57.00 price objective on shares of Monster Beverage in a research report on Saturday, September 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Monster Beverage currently has a consensus rating of “Buy” and a consensus target price of $59.24.

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Monster Beverage 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 (NASDAQ:MNST)

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