Northwestern Mutual Investment Management Company LLC Trims Position in Monster Beverage Corporation (MNST)

Northwestern Mutual Investment Management Company LLC decreased its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 93.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,370 shares of the company’s stock after selling 75,952 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Monster Beverage Corporation were worth $863,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of MNST. Huntington National Bank raised its holdings in shares of Monster Beverage Corporation by 42.2% in the second quarter. Huntington National Bank now owns 2,133 shares of the company’s stock worth $106,000 after buying an additional 633 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Monster Beverage Corporation by 7.7% during the first quarter. Assetmark Inc. now owns 4,350 shares of the company’s stock worth $201,000 after purchasing an additional 311 shares during the last quarter. Dynamic Advisors Solutions LLC purchased a new position in shares of Monster Beverage Corporation during the second quarter worth $202,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in shares of Monster Beverage Corporation by 59.0% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,612 shares of the company’s stock worth $213,000 after purchasing an additional 1,712 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Monster Beverage Corporation during the first quarter worth $216,000. 65.89% of the stock is owned by institutional investors.

In other news, Director Sydney Selati sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $56.00, for a total transaction of $560,000.00. Following the sale, the director now owns 52,000 shares of the company’s stock, valued at $2,912,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 9.40% of the company’s stock.

Several analysts have recently issued reports on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $58.00 target price on shares of Monster Beverage Corporation in a research report on Friday, June 9th. Susquehanna Bancshares Inc reissued a “hold” rating and issued a $42.00 price target (down from $45.00) on shares of Monster Beverage Corporation in a research note on Monday, August 7th. BidaskClub raised shares of Monster Beverage Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research downgraded shares of Monster Beverage Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $61.00 price target on shares of Monster Beverage Corporation in a research note on Thursday, September 7th. Four equities 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’s stock. Monster Beverage Corporation has a consensus rating of “Buy” and an average price target of $56.86.

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

Monster Beverage Corporation (NASDAQ:MNST) last released its 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). Monster Beverage Corporation had a net margin of 23.98% and a return on equity of 22.96%. The company had revenue of $907.07 million during the quarter, compared to analyst estimates of $901.38 million. During the same period in the previous year, the company posted $0.99 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities research analysts forecast that Monster Beverage Corporation will post $1.48 EPS for the current fiscal year.

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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.

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

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