Cim LLC Increases Holdings in Monster Beverage Corp (MNST)

Cim LLC raised its holdings in shares of Monster Beverage Corp (NASDAQ:MNST) by 6.2% in the first quarter, Holdings Channel reports. The institutional investor owned 169,393 shares of the company’s stock after acquiring an additional 9,924 shares during the period. Monster Beverage comprises about 3.4% of Cim LLC’s portfolio, making the stock its 13th biggest holding. Cim LLC’s holdings in Monster Beverage were worth $9,245,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its stake in shares of Monster Beverage by 4,494.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,620,232 shares of the company’s stock worth $94,000 after purchasing an additional 4,519,673 shares in the last quarter. Norges Bank bought a new position in shares of Monster Beverage during the fourth quarter worth $209,565,000. Thrivent Financial for Lutherans boosted its position in shares of Monster Beverage by 1,288.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,147,995 shares of the company’s stock worth $105,724,000 after acquiring an additional 1,993,335 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its position in shares of Monster Beverage by 246.4% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,788,515 shares of the company’s stock worth $88,031,000 after acquiring an additional 1,272,161 shares during the last quarter. Finally, BlackRock Inc. boosted its position in shares of Monster Beverage by 4.2% during the fourth quarter. BlackRock Inc. now owns 25,120,708 shares of the company’s stock worth $1,236,441,000 after acquiring an additional 1,009,563 shares during the last quarter. 65.46% of the stock is owned by institutional investors and hedge funds.

MNST stock traded up $0.23 during trading on Wednesday, hitting $62.58. The company had a trading volume of 471,653 shares, compared to its average volume of 4,004,448. The company has a market capitalization of $33.89 billion, a PE ratio of 34.96, a P/E/G ratio of 2.11 and a beta of 1.53. Monster Beverage Corp has a 52-week low of $47.61 and a 52-week high of $66.38.



Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.05. The company had revenue of $946.00 million for the quarter, compared to the consensus estimate of $919.49 million. Monster Beverage had a net margin of 26.61% and a return on equity of 28.35%. The firm’s revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 EPS. As a group, analysts predict that Monster Beverage Corp will post 2.07 earnings per share for the current fiscal year.

In other news, insider Emelie Tirre sold 24,762 shares of Monster Beverage stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $62.97, for a total value of $1,559,263.14. Following the transaction, the insider now owns 77,363 shares of the company’s stock, valued at approximately $4,871,548.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Harold C. Taber, Jr. sold 11,772 shares of Monster Beverage stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $63.58, for a total transaction of $748,463.76. Following the completion of the transaction, the director now directly owns 72,240 shares in the company, valued at approximately $4,593,019.20. The disclosure for this sale can be found here. Insiders have sold a total of 481,356 shares of company stock worth $29,678,733 in the last three months. Insiders own 9.70% of the company’s stock.

A number of equities analysts recently weighed in on the stock. ValuEngine upgraded shares of Monster Beverage from a “hold” rating to a “buy” rating in a research report on Monday. Macquarie set a $63.00 target price on shares of Monster Beverage and gave the stock a “hold” rating in a report on Friday, May 3rd. BidaskClub upgraded shares of Monster Beverage from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Zacks Investment Research lowered shares of Monster Beverage from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th. Finally, Morgan Stanley lowered their target price on shares of Monster Beverage from $62.00 to $56.00 and set an “equal weight” rating for the company in a report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. Monster Beverage has an average rating of “Hold” and a consensus price target of $63.03.

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Monster Beverage Profile

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged energy drinks, carbonated energy drinks, non-carbonated dairy based coffee and energy drinks, non-carbonated energy shakes, and non-carbonated energy drinks primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations.

Further Reading: Diluted Earnings Per Share

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

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