The fund purchased 10,132 shares of the company's stock, valued at approximately $641,000. Marianas Fund Management Llc owns 121,700 shares or 11.25% of their United States portfolio.
Based in Corona, California, Monster Beverage Corporation is a holding company and conducts no operating business except through its consolidated subsidiaries. Over the last quarter, insiders sold 268,026 shares of company stock valued at $17,179,867. Wetherby Asset Management Inc. grew its position in Monster Beverage by 8.4% in the fourth quarter. Icon Wealth Partners LLC acquired a new position in shares of Monster Beverage during the 4th quarter worth approximately $166,000. Mutual of America Capital Management LLC now owns 51,175 shares of the company's stock valued at $2,827,000 after purchasing an additional 1,584 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of Monster Beverage during the third quarter worth approximately $169,000.
Monster Beverage Co. has a fifty-two week low of $41.29 and a fifty-two week high of $70.21.
Employees Retirement System of Texas boosted its stake in Monster Beverage Co. The company has market cap of $31.93 billion.
Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Wednesday, February 28th. After $0.65 actual earnings per share reported by Starbucks Corporation for the previous quarter, Wall Street now forecasts -18.46% negative EPS growth. Monster Beverage had a return on equity of 23.45% and a net margin of 23.92%.
Analysts believe that the company has the potential to earn average revenue of $810.36 Million for the current quarter. They expect $0.37 EPS, up 5.71% or $0.02 from last year's $0.35 per share. Monster Beverage Corp had 83 analyst reports since July 27, 2015 according to SRatingsIntel. Cowen restated a "buy" rating and issued a $77.00 price target on shares of Monster Beverage in a research report on Monday, January 22nd.
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The firm has just set a price target of $71 on Monster Beverage (NASDAQ:MNST) shares. Deutsche Bank reduced their price objective on shares of Monster Beverage from $66.00 to $63.00 and set a "hold" rating for the company in a research report on Thursday.
Monster Beverage Corporation (NASDAQ:MNST) plunged -14.44% with the closing price of $54.22. SELL rating has been given by 0 analyst (s) and 1 analyst (s) given BUY rating to the stock.
In related news, CEO Rodney C. Sacks sold 697 shares of the firm's stock in a transaction that occurred on Thursday, December 28th. Also, there are 1 buy, 0 sell and 1 strong sell ratings, collectively assigning a 1.88 average brokerage recommendation. Following the completion of the sale, the chief executive officer now owns 963,789 shares of the company's stock, valued at $62,174,028.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -5.59%, and has a solid year to date (YTD) performance of -14.33% which means that the stock is constantly adding to its value from the previous fiscal year end price. The shares were sold at an average price of $64.53, for a total transaction of $902,322.99. Company insiders own 9.40% of the company's stock. The disclosure for this sale can be found here. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and global trademark and copyright legislation.
The Company's stores offer coffee and tea beverages, packaged roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, juices, and bottled water; an assortment of fresh food and snack offerings; and various food products, such as pastries, breakfast sandwiches, and lunch items, as well as beverage-making equipment and accessories.
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