Tokio Marine Asset Management Co. Ltd. Has $301,000 Position in Monster Beverage Corporation (MNST)

Tokio Marine Asset Management Co. Ltd. reduced its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 22.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,517 shares of the company’s stock after selling 1,858 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Monster Beverage Corporation were worth $301,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Aberdeen Asset Management PLC UK increased its position in Monster Beverage Corporation by 9.0% in the first quarter. Aberdeen Asset Management PLC UK now owns 77,088 shares of the company’s stock worth $3,559,000 after buying an additional 6,347 shares during the period. Fernwood Investment Management LLC acquired a new position in shares of Monster Beverage Corporation during the first quarter valued at about $217,000. Nordea Investment Management AB increased its position in shares of Monster Beverage Corporation by 1.3% in the first quarter. Nordea Investment Management AB now owns 20,186 shares of the company’s stock valued at $932,000 after buying an additional 251 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Monster Beverage Corporation by 4.4% in the first quarter. Pacer Advisors Inc. now owns 14,196 shares of the company’s stock valued at $655,000 after buying an additional 603 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Monster Beverage Corporation by 43.2% in the first quarter. Envestnet Asset Management Inc. now owns 142,799 shares of the company’s stock valued at $6,594,000 after buying an additional 43,107 shares during the last quarter. 66.03% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Monster Beverage Corporation (NASDAQ MNST) traded down 1.93% during midday trading on Friday, hitting $50.31. 3,423,241 shares of the stock were exchanged. The stock’s 50-day moving average price is $48.80 and its 200 day moving average price is $45.81. Monster Beverage Corporation has a one year low of $40.64 and a one year high of $55.50. The stock has a market cap of $28.57 billion, a P/E ratio of 40.51 and a beta of 0.91.

Monster Beverage Corporation (NASDAQ:MNST) last posted its quarterly earnings data on Thursday, May 4th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Monster Beverage Corporation had a net margin of 23.36% and a return on equity of 23.36%. The company had revenue of $742.10 million during the quarter, compared to analyst estimates of $738.54 million. During the same period in the prior year, the firm earned $0.79 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts anticipate that Monster Beverage Corporation will post $1.48 earnings per share for the current year.

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MNST has been the topic of several research reports. Zacks Investment Research downgraded shares of Monster Beverage Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, February 21st. Stifel Nicolaus lowered their price objective on shares of Monster Beverage Corporation from $59.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, February 27th. Cowen and Company restated an “outperform” rating and issued a $52.00 target price on shares of Monster Beverage Corporation in a research note on Tuesday, February 28th. Jefferies Group LLC restated a “buy” rating and issued a $60.00 target price (up previously from $58.00) on shares of Monster Beverage Corporation in a research note on Thursday, March 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $61.00 target price on shares of Monster Beverage Corporation in a research note on Friday, March 3rd. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Monster Beverage Corporation presently has an average rating of “Buy” and an average target price of $56.71.

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.

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