Chevy Chase Trust Holdings LLC Sells 13,317 Shares of Monster Beverage Co. (NASDAQ:MNST)

Chevy Chase Trust Holdings LLC decreased its stake in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 446,178 shares of the company's stock after selling 13,317 shares during the period. Chevy Chase Trust Holdings LLC's holdings in Monster Beverage were worth $23,451,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Monster Beverage by 62.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock valued at $28,000 after purchasing an additional 203 shares during the period. Spire Wealth Management acquired a new position in shares of Monster Beverage in the 4th quarter worth $29,000. Retirement Wealth Solutions LLC acquired a new position in shares of Monster Beverage in the 4th quarter worth $30,000. Geneos Wealth Management Inc. acquired a new position in shares of Monster Beverage in the 4th quarter worth $33,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Monster Beverage by 16,085.7% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company's stock worth $59,000 after acquiring an additional 1,126 shares during the last quarter. Institutional investors own 72.36% of the company's stock.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was 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 in the company, valued at $3,944,748.60. This trade represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.80% of the company's stock.

Monster Beverage Stock Up 1.3 %

NASDAQ MNST traded up $0.64 during trading on Wednesday, hitting $51.69. 6,517,695 shares of the company traded hands, compared to its average volume of 6,293,231. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.22. The business has a fifty day simple moving average of $50.22 and a 200 day simple moving average of $50.95. 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 company has a market capitalization of $50.27 billion, a P/E ratio of 33.13, a PEG ratio of 2.09 and a beta of 0.74.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MNST shares. Deutsche Bank Aktiengesellschaft decreased their target price on Monster Beverage from $61.00 to $59.00 and set a "buy" rating on the stock in a report on Friday, November 8th. TD Cowen lifted their target price on Monster Beverage from $50.00 to $55.00 and gave the stock a "hold" rating in a report on Monday, November 11th. Argus raised their target price on Monster Beverage from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Wells Fargo & Company raised their target price on Monster Beverage from $57.00 to $60.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Finally, UBS Group decreased their target price on Monster Beverage from $57.00 to $53.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Two equities 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 company. According to MarketBeat.com, Monster Beverage currently has a consensus rating of "Hold" and a consensus price target 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.