Monster Beverage Corporation (MNST) Position Held by Cornerstone Advisors Inc.

Cornerstone Advisors Inc. continued to hold its position in shares of Monster Beverage Corporation (NASDAQ:MNST) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,193 shares of the company’s stock at the end of the second quarter. Cornerstone Advisors Inc.’s holdings in Monster Beverage Corporation were worth $109,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Stifel Financial Corp boosted its position in shares of Monster Beverage Corporation by 210.6% in the first quarter. Stifel Financial Corp now owns 233,660 shares of the company’s stock valued at $10,802,000 after buying an additional 158,424 shares during the period. Axiom International Investors LLC DE boosted its position in shares of Monster Beverage Corporation by 18.5% in the first quarter. Axiom International Investors LLC DE now owns 643,414 shares of the company’s stock valued at $29,706,000 after buying an additional 100,614 shares during the period. Boston Advisors LLC boosted its position in shares of Monster Beverage Corporation by 7,367.2% in the first quarter. Boston Advisors LLC now owns 386,653 shares of the company’s stock valued at $17,852,000 after buying an additional 381,475 shares during the period. Atalanta Sosnoff Capital LLC acquired a new position in shares of Monster Beverage Corporation during the first quarter valued at about $16,720,000. Finally, Gilbert & Cook Inc. acquired a new position in shares of Monster Beverage Corporation during the second quarter valued at about $286,000. 65.91% of the stock is owned by hedge funds and other institutional investors.

Shares of Monster Beverage Corporation (MNST) traded down 0.45% during trading on Tuesday, hitting $52.63. 3,157,218 shares of the stock were exchanged. The stock has a market cap of $29.88 billion, a P/E ratio of 42.38 and a beta of 0.96. Monster Beverage Corporation has a 12-month low of $40.64 and a 12-month high of $54.24. The stock has a 50-day moving average of $51.56 and a 200 day moving average of $47.49.

Monster Beverage Corporation (NASDAQ:MNST) last posted its quarterly earnings data 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 company had revenue of $907.07 million during the quarter, compared to analyst estimates of $901.38 million. Monster Beverage Corporation had a return on equity of 23.36% and a net margin of 23.36%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.99 EPS. Equities analysts predict that Monster Beverage Corporation will post $1.49 earnings per share for the current fiscal year.

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MNST has been the subject of a number of research reports. Zacks Investment Research raised shares of Monster Beverage Corporation from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Monday, July 17th. Goldman Sachs Group, Inc. (The) boosted their target price on shares of Monster Beverage Corporation from $54.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, May 15th. Vetr raised shares of Monster Beverage Corporation from a “buy” rating to a “strong-buy” rating and set a $52.90 target price for the company in a research note on Wednesday, May 17th. Jefferies Group LLC boosted their price target on shares of Monster Beverage Corporation from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, April 19th. Finally, Morgan Stanley restated an “overweight” rating and set a $58.00 price target on shares of Monster Beverage Corporation in a research report on Monday, May 15th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $56.75.

About Monster Beverage Corporation

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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