Diversified Trust Co acquired a new position in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,944 shares of the company's stock, valued at approximately $733,000.
A number of other institutional investors also recently modified their holdings of the company. CWA Asset Management Group LLC lifted its stake in Monster Beverage by 3.1% in the 4th quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company's stock valued at $367,000 after purchasing an additional 213 shares during the last quarter. Accretive Wealth Partners LLC raised 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 buying an additional 225 shares during the period. Ieq Capital LLC lifted its position in shares of Monster Beverage by 0.3% in the second quarter. Ieq Capital LLC now owns 68,735 shares of the company's stock valued at $3,433,000 after buying an additional 232 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Monster Beverage by 20.6% during the 3rd quarter. UMB Bank n.a. now owns 1,412 shares of the company's stock worth $74,000 after acquiring an additional 241 shares during the period. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Monster Beverage by 0.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 39,187 shares of the company's stock worth $2,045,000 after acquiring an additional 259 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors.
Monster Beverage Price Performance
Shares of NASDAQ:MNST traded down $1.86 during trading on Friday, hitting $49.74. 6,635,083 shares of the company were exchanged, compared to its average volume of 4,342,697. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The company has a market capitalization of $48.37 billion, a P/E ratio of 31.88, a price-to-earnings-growth ratio of 2.52 and a beta of 0.74. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The business's 50 day moving average is $53.31 and its 200-day moving average is $51.26.
Insiders Place Their Bets
In other news, CFO Thomas J. Kelly sold 10,000 shares of the firm's 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 completion of the transaction, the chief financial officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.80% of the company's stock.
Analyst Ratings Changes
Several research firms have commented on MNST. Needham & Company LLC started coverage on shares of Monster Beverage in a report on Friday, December 6th. They issued a "hold" rating on the stock. Wells Fargo & Company upped their price target on shares of Monster Beverage from $57.00 to $60.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Monster Beverage from $61.00 to $59.00 and set a "buy" rating for the company in a research report on Friday, November 8th. Bank of America upped their target price on Monster Beverage from $56.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Finally, Argus boosted their price target on Monster Beverage from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $56.30.
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About Monster Beverage
(
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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