Economy

Monster Beverage Corporation (MNST) Investment Decreased by Davenport & Co LLC

Monster Beverage Corporation has 566.32 million shares outstanding, and in the last trade has seen ATR around 0.68.

In other Monster Beverage Corporation news, Director Sydney Selati sold 10,000 shares of Monster Beverage Corporation stock in a transaction on Friday, September 1st.

Monster Beverage Corporation (NASDAQ:MNST) recent rally took place on significantly less volume which dipped to almost 1.37 million contracts on 11-Oct-17 versus its daily average of 1.86 million. Ngam Advisors L.P. now owns 369,387 shares of the company's stock worth $54,230,000 after buying an additional 20,009 shares during the last quarter.

06/15/2017 - Monster Beverage Corporation had its "buy" rating reiterated by analysts at Goldman Sachs. Sun Life Financial INC grew its position in Monster Beverage Corporation by 29,250.0% during the second quarter. Finally, Calamos Advisors LLC lifted its position in shares of Monster Beverage Corporation by 7.5% in the second quarter. The company has a 50 day moving average price of $46.63 and a 200 day moving average price of $45.05.

TRADEMARK VIOLATION NOTICE: "Psagot Investment House Ltd". Monster Beverage Corporation (NASDAQ:MNST) has declined 3.63% since October 14, 2016 and is downtrending. If you are viewing this piece on another site, it was copied illegally and republished in violation of US & global copyright law. The correct version of this article can be read at https://weekherald.com/2017/10/12/psagot-investment-house-ltd-acquires-new-position-in-monster-beverage-corporation-mnst.html.

In other Monster Beverage news, Director Harold C. Taber, Jr. sold 15,000 shares of the stock in a transaction dated Friday, March 10th. The stock's last price was higher from the average trading price of 50 days recorded at $158.04 while enlarging the period to 200 trading days, the average price was $142.82. William Blair Investment Management, LLC now owns 2,172,180 shares with a value of $107,914,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 9.40% of the company's stock.

06/23/2017 - Monster Beverage Corporation had its "outperform" rating reiterated by analysts at RBC Capital. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). The business had revenue of $907.07 million during the quarter, compared to analyst estimates of $901.38 million. Monster Beverage Corporation had a return on equity of 22.96% and a net margin of 23.98%. Huntington National Bank now owns 2,133 shares of the company's stock worth $106,000 after acquiring an additional 633 shares in the last quarter. During the same quarter in the prior year, the company earned $0.79 EPS. Vermilion Energy had 3 analyst reports since August 11, 2015 according to SRatingsIntel.

Stock market analysts and brokers have recently amended their target prices on shares of Monster Beverage Corporation (NASDAQ:MNST).

On August 9 Credit Suisse left the company rating at "Outperform" but lowered the price target to $61.00 from $187.00. Jefferies Group LLC reiterated a "buy" rating and set a $60.00 price target (up previously from $58.00) on shares of Monster Beverage in a report on Thursday, March 2nd. Cowen and Company reiterated an "outperform" rating and issued a $58.00 target price on shares of Monster Beverage Corporation in a research report on Thursday, June 22nd. Susquehanna Bancshares Inc set a $42.00 price objective on shares of Monster Beverage Corporation and gave the company a "hold" rating in a report on Monday, June 19th. A 14 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of MNST or, if they already own its stock, sell it. The company presently has a consensus rating of Buy and an average price target of $56.86.



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