Dimensional Fund Advisors LP Buys 914 Shares of Monster Beverage Corporation (MNST)

Dimensional Fund Advisors LP boosted its stake in Monster Beverage Corporation (NASDAQ:MNST) by 0.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 960,647 shares of the company’s stock after purchasing an additional 914 shares during the period. Dimensional Fund Advisors LP owned approximately 0.17% of Monster Beverage worth $53,077,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Monster Beverage by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 28,432,909 shares of the company’s stock valued at $1,412,547,000 after purchasing an additional 771,913 shares in the last quarter. BlackRock Inc. boosted its position in Monster Beverage by 1.7% in the 2nd quarter. BlackRock Inc. now owns 21,937,361 shares of the company’s stock valued at $1,089,848,000 after buying an additional 376,666 shares during the last quarter. Jennison Associates LLC boosted its position in Monster Beverage by 0.6% in the 3rd quarter. Jennison Associates LLC now owns 12,053,475 shares of the company’s stock valued at $665,955,000 after buying an additional 68,041 shares during the last quarter. Alliancebernstein L.P. boosted its position in Monster Beverage by 7.5% in the 2nd quarter. Alliancebernstein L.P. now owns 6,679,727 shares of the company’s stock valued at $331,849,000 after buying an additional 463,345 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Monster Beverage by 19.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,132,325 shares of the company’s stock valued at $338,810,000 after buying an additional 1,008,607 shares during the last quarter. Hedge funds and other institutional investors own 65.62% of the company’s stock.

Monster Beverage Corporation (MNST) opened at $63.36 on Friday. Monster Beverage Corporation has a 12-month low of $41.02 and a 12-month high of $64.79. The company has a market cap of $35,600.00, a PE ratio of 46.25, a PEG ratio of 1.96 and a beta of 0.94.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. Monster Beverage had a net margin of 23.92% and a return on equity of 23.45%. The business had revenue of $909.50 million for the quarter, compared to analysts’ expectations of $903.82 million. During the same quarter last year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. sell-side analysts predict that Monster Beverage Corporation will post 1.48 earnings per share for the current fiscal year.

In other Monster Beverage news, Chairman Rodney C. Sacks sold 898 shares of the firm’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $64.51, for a total value of $57,929.98. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Rodney C. Sacks sold 189,861 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $63.92, for a total transaction of $12,135,915.12. The disclosure for this sale can be found here. Insiders have sold 191,657 shares of company stock worth $12,251,775 in the last ninety days. Corporate insiders own 9.40% of the company’s stock.

A number of equities analysts have weighed in on MNST shares. Credit Suisse Group reissued an “outperform” rating and issued a $61.00 price objective on shares of Monster Beverage in a research report on Thursday, September 7th. Macquarie started coverage on shares of Monster Beverage in a research report on Thursday, September 14th. They issued an “outperform” rating and a $65.00 price objective for the company. Royal Bank of Canada reissued a “buy” rating and issued a $61.00 price objective on shares of Monster Beverage in a research report on Friday, September 22nd. Stifel Nicolaus reissued a “buy” rating and issued a $57.00 price objective on shares of Monster Beverage in a research report on Saturday, September 23rd. Finally, Jefferies Group reissued a “buy” rating and issued a $65.00 price objective on shares of Monster Beverage in a research report on Friday, October 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Monster Beverage presently has a consensus rating of “Buy” and an average price target of $60.99.

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Monster Beverage 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.

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

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