Monster Beverage Co. (NASDAQ:MNST) Shares Purchased by Blue Chip Partners LLC

Blue Chip Partners LLC raised its holdings in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 228,764 shares of the company's stock after purchasing an additional 6,917 shares during the quarter. Blue Chip Partners LLC's holdings in Monster Beverage were worth $12,024,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. State Street Corp raised its stake in shares of Monster Beverage by 6.9% in the third quarter. State Street Corp now owns 33,742,390 shares of the company's stock valued at $1,760,341,000 after acquiring an additional 2,168,379 shares during the period. Loomis Sayles & Co. L P increased its position in Monster Beverage by 4.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company's stock valued at $1,416,048,000 after purchasing an additional 1,229,789 shares during the period. Janus Henderson Group PLC increased its position in Monster Beverage by 109.3% during the 3rd quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company's stock valued at $1,176,913,000 after purchasing an additional 11,779,162 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Monster Beverage by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 15,728,086 shares of the company's stock valued at $817,490,000 after buying an additional 473,418 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Monster Beverage by 18.1% in the 3rd quarter. Wellington Management Group LLP now owns 3,898,127 shares of the company's stock valued at $203,365,000 after buying an additional 596,078 shares in the last quarter. Institutional investors own 72.36% of the company's stock.

Monster Beverage Trading Down 0.9 %

NASDAQ MNST traded down $0.48 during trading hours on Thursday, reaching $51.21. The company had a trading volume of 7,027,594 shares, compared to its average volume of 6,317,063. The stock has a 50-day moving average of $50.21 and a 200 day moving average of $50.95. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $49.80 billion, a P/E ratio of 32.83, a price-to-earnings-growth ratio of 2.18 and a beta of 0.74.

Insiders Place Their Bets

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the business's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $52.65, for a total transaction of $526,500.00. Following the sale, the chief financial officer now directly owns 74,924 shares in the company, valued at $3,944,748.60. This 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 is available at the SEC website. Insiders own 7.80% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Needham & Company LLC assumed coverage on shares of Monster Beverage in a report on Friday, December 6th. They issued a "hold" rating on the stock. Stifel Nicolaus raised their price target on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. JPMorgan Chase & Co. cut their target price on shares of Monster Beverage from $52.00 to $51.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. UBS Group cut their price target on shares of Monster Beverage from $57.00 to $53.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Finally, BNP Paribas lowered their target price on shares of Monster Beverage from $46.00 to $45.00 and set an "underperform" rating on the stock in a research note on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Monster Beverage presently has a consensus rating of "Hold" and an average target price of $55.53.

Monster Beverage Company Profile

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.