Will Monster Beverage’s Buyback Make These Top Institutional Shareholders Happy?

After exhausting its previously authorized share buyback program worth $250 million, Monster Beverage Corporation (NASDAQ:MNST) directors have put in place a new share repurchase program of up to $200 million of outstanding common stock.

These institutional firms indicated owning shares of Monster Beverage in Q1 2013. They reported owning a total of 110,998 shares on 03/31/2013. The shares closed at $47.74 on 03/31/2013.

NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW!

Here are the six largest positions in Monster Beverage at the end of March 31, 2013.

Shell Asset Management held 46,301 shares on 03/31/2013 worth $1,635,000.

First Citizens Bank & Trust held 24,086 shares on 03/31/2013 worth $1,150,000.

Acropolis Investment Management held 22,185 shares on 03/31/2013 worth $1,059,111,900.

Fulton Bank held 9,285 shares on 03/31/2013 worth $444,000.

Creative Planning held 8,541 shares on 03/31/2013 worth $408,000.

LS Investment Advisors held 600 shares on 03/31/2013 worth $29,000.

Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, “S = Support is Provided By Institutional Investors & Company Insiders” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.