Public Employees Retirement System of OH grew its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. Commonwealth Bank of Australia now owns 2,346 shares of the company's stock valued at $116,000 after acquiring an additional 232 shares during the last quarter. Stifel Financial Corp's holdings in Monster Beverage were worth $13,209,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. On a consensus basis, analysts have given a recommendation of 2.10 on company shares. Raymond James Trust N.A. grew its holdings in Monster Beverage by 1.7% during the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,612 shares of the company's stock valued at $213,000 after buying an additional 1,712 shares in the last quarter. Finally, Valeo Financial Advisors LLC bought a new position in shares of Monster Beverage in the 3rd quarter valued at about $169,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,951 shares of the company's stock worth $1,488,000 after acquiring an additional 109 shares during the period. Great West Life Assurance Co. Can lifted its stake in Monster Beverage by 46.8% in the second quarter. HL Financial Services LLC now owns 6,780 shares of the company's stock valued at $337,000 after acquiring an additional 514 shares during the last quarter. Hedge funds and other institutional investors own 65.88% of the company's stock.
A number of brokerages recently commented on MNST. BidaskClub upgraded shares of Monster Beverage from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, August 23rd. They set a "hold" rating and a $66.00 price objective for the company. More interesting news about Monster Beverage Corporation (NASDAQ:MNST) was released by: Seekingalpha.com and their article: "Monster's International Upside: Is Coca-Cola Still Watching?" with publication date: November 27, 2017. Cowen reiterated a "buy" rating and set a $58.00 price target on shares of Monster Beverage in a research report on Friday, October 27th. Credit Suisse Group reiterated an "outperform" rating and issued a $61.00 price target on shares of Monster Beverage in a research report on Thursday, September 7th. They noted that the move was a valuation call. (NYSE:PM) persists its position slightly strong in context of buying side, while shares price are moving up -0.52% during latest trading session.
Analysts await Monster Beverage Corporation (NASDAQ:MNST) to report earnings on March, 7. 3,598,623 shares of the stock were exchanged, compared to its average volume of 1,802,013. The stock has a market cap of $36,099.27, a P/E ratio of 43.54, a P/E/G ratio of 2.28 and a beta of 0.94. Monster Beverage Corporation has a 12-month low of $40.64 and a 12-month high of $166.50. The company reported $0.40 earnings per share for the quarter, hitting analysts' consensus estimates of $0.40. The company had revenue of $909.50 million for the quarter, compared to analyst estimates of $903.82 million. Monster Beverage had a net margin of 23.92% and a return on equity of 23.45%. Its sales stood at 2.30% a year on average in the period of last five years. After $0.40 actual earnings per share reported by Monster Beverage Corporation for the previous quarter, Wall Street now forecasts -7.50 % negative EPS growth. Monster Beverage Corporation (NASDAQ:MNST)'s EPS growth this year is 25.60% and the trailing 12-month EPS is $1.37.
Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages, soda, and its concentrates in the United States and internationally.