Cumberland Partners Ltd Purchases Shares of 33,782 Monster Beverage Co. (NASDAQ:MNST)

Cumberland Partners Ltd acquired a new stake in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 33,782 shares of the company's stock, valued at approximately $1,776,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Monster Beverage by 62.5% during the fourth 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. Bleakley Financial Group LLC increased its holdings in Monster Beverage by 1.5% in the fourth quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company's stock worth $714,000 after buying an additional 203 shares during the last quarter. CWA Asset Management Group LLC raised its position in Monster Beverage by 3.1% during the fourth quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company's stock valued at $367,000 after acquiring an additional 213 shares in the last quarter. Accretive Wealth Partners LLC lifted its stake in Monster Beverage by 1.3% in the third quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company's stock valued at $930,000 after acquiring an additional 225 shares during the last quarter. Finally, Sapient Capital LLC grew its position in Monster Beverage by 0.5% in the fourth quarter. Sapient Capital LLC now owns 46,082 shares of the company's stock worth $2,422,000 after acquiring an additional 228 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company's stock.

Monster Beverage Stock Performance

Monster Beverage stock traded up $1.97 during trading hours on Friday, hitting $53.18. The stock had a trading volume of 3,813,885 shares, compared to its average volume of 6,238,204. 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 market cap of $51.72 billion, a PE ratio of 34.09, a price-to-earnings-growth ratio of 2.30 and a beta of 0.74. The company has a 50-day moving average of $50.18 and a two-hundred day moving average of $50.96. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13.

Insider Activity at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction 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 sale, the chief financial officer now owns 74,924 shares in the company, valued at $3,944,748.60. The trade was 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 this link. 7.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MNST. Argus raised their price target 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. UBS Group decreased their price target on Monster Beverage from $57.00 to $53.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. BNP Paribas reduced their target price on Monster Beverage from $46.00 to $45.00 and set an "underperform" rating for the company in a report on Thursday, December 19th. TD Cowen increased their price target on Monster Beverage from $50.00 to $55.00 and gave the company a "hold" rating in a report on Monday, November 11th. Finally, Stifel Nicolaus boosted their price objective on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Monster Beverage currently has an average rating of "Hold" and an average 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.