BLB&B Advisors LLC lessened its stake in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 95.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,670 shares of the company's stock after selling 137,312 shares during the period. BLB&B Advisors LLC's holdings in Monster Beverage were worth $351,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Monster Beverage by 62.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock worth $28,000 after acquiring an additional 203 shares in the last quarter. Spire Wealth Management purchased a new stake in shares of Monster Beverage during the 4th quarter valued at about $29,000. Retirement Wealth Solutions LLC purchased a new position in shares of Monster Beverage in the fourth quarter worth approximately $30,000. Geneos Wealth Management Inc. purchased a new position in shares of Monster Beverage in the fourth quarter worth approximately $33,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Monster Beverage by 16,085.7% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company's stock worth $59,000 after buying an additional 1,126 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company's stock.
Monster Beverage Price Performance
Shares of MNST traded up $0.11 on Wednesday, hitting $48.17. The company's stock had a trading volume of 2,696,186 shares, compared to its average volume of 6,248,828. The company has a 50 day moving average price of $50.58 and a 200 day moving average price of $51.02. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The company has a market capitalization of $46.85 billion, a PE ratio of 30.88, a PEG ratio of 1.96 and a beta of 0.74.
Insiders Place Their Bets
In other news, CFO Thomas J. Kelly sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $52.65, for a total transaction of $526,500.00. Following the transaction, the chief financial officer now directly owns 74,924 shares of the company's stock, valued at approximately $3,944,748.60. This trade represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 7.80% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Argus raised their target price on shares of Monster Beverage from $55.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Needham & Company LLC started coverage on shares of Monster Beverage in a research note on Friday, December 6th. They set a "hold" rating for the company. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Monster Beverage from $61.00 to $59.00 and set a "buy" rating for the company in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Monster Beverage from $52.00 to $51.00 and set a "neutral" rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, Monster Beverage presently has an average rating of "Hold" and a consensus target price of $55.53.
Get Our Latest Report on MNST
Monster Beverage Company Profile
(
Free Report)
Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.
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