Ninety One UK Ltd lessened its holdings in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 0.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,555,243 shares of the company's stock after selling 14,688 shares during the period. Monster Beverage accounts for approximately 1.2% of Ninety One UK Ltd's holdings, making the stock its 28th biggest position. Ninety One UK Ltd owned about 0.88% of Monster Beverage worth $449,664,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Algert Global LLC purchased a new position in Monster Beverage in the 2nd quarter worth approximately $234,000. Czech National Bank lifted its holdings in shares of Monster Beverage by 6.3% in the third quarter. Czech National Bank now owns 143,671 shares of the company's stock worth $7,495,000 after buying an additional 8,510 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Monster Beverage by 24.8% during the third quarter. GAMMA Investing LLC now owns 14,206 shares of the company's stock worth $741,000 after acquiring an additional 2,824 shares during the last quarter. MBM Wealth Consultants LLC purchased a new position in Monster Beverage during the third quarter valued at $201,000. Finally, Tealwood Asset Management Inc. increased its holdings in Monster Beverage by 1.8% in the 3rd quarter. Tealwood Asset Management Inc. now owns 28,570 shares of the company's stock valued at $1,490,000 after acquiring an additional 495 shares during the last quarter. 72.36% of the stock is owned by institutional investors.
Monster Beverage Trading Down 1.0 %
Shares of NASDAQ MNST traded down $0.45 during trading hours on Wednesday, reaching $46.16. The stock had a trading volume of 7,604,732 shares, compared to its average volume of 6,643,570. The business's fifty day moving average price is $51.38 and its two-hundred day moving average price is $51.14. The firm has a market cap of $44.89 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 2.07 and a beta of 0.74. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week 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.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on MNST shares. UBS Group reduced their price target on shares of Monster Beverage from $57.00 to $53.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. TD Cowen upped their target price on shares of Monster Beverage from $50.00 to $55.00 and gave the company a "hold" rating in a research report on Monday, November 11th. Royal Bank of Canada reiterated an "outperform" rating and issued a $59.00 price target on shares of Monster Beverage in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft decreased their price objective on Monster Beverage from $61.00 to $59.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. Finally, Argus lifted their target price on Monster Beverage from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $55.42.
Read Our Latest Analysis on MNST
Insider Transactions at Monster Beverage
In related news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage 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 $3,944,748.60. This trade represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 7.80% of the company's stock.
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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