Monster Beverage Co. (NASDAQ:MNST) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its holdings in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 12.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,989 shares of the company's stock after selling 14,928 shares during the period. Pacer Advisors Inc.'s holdings in Monster Beverage were worth $5,571,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. University of Texas Texas AM Investment Management Co. bought a new stake in Monster Beverage during the 2nd quarter valued at approximately $30,000. Retirement Wealth Solutions LLC bought a new stake in shares of Monster Beverage during the fourth quarter valued at approximately $30,000. Geneos Wealth Management Inc. purchased a new position in shares of Monster Beverage in the fourth quarter worth $33,000. Quarry LP boosted its position in shares of Monster Beverage by 152.0% during the second quarter. Quarry LP now owns 824 shares of the company's stock worth $41,000 after acquiring an additional 497 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in Monster Beverage by 16,085.7% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company's stock valued at $59,000 after acquiring an additional 1,126 shares in the last quarter. Institutional investors own 72.36% of the company's stock.

Insider Activity at Monster Beverage

In other news, CFO Thomas J. Kelly sold 10,000 shares of the firm's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $52.65, for a total value of $526,500.00. Following the completion of the sale, the chief financial officer now owns 74,924 shares of the company's stock, valued at $3,944,748.60. This trade represents a 11.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 7.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MNST. BNP Paribas dropped their price target on Monster Beverage from $46.00 to $45.00 and set an "underperform" rating for the company in a research note on Thursday, December 19th. TD Cowen boosted their price objective on Monster Beverage from $50.00 to $55.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Argus raised their price objective on Monster Beverage from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. cut their target price on Monster Beverage from $50.00 to $49.00 and set a "neutral" rating on the stock in a research report on Monday, November 4th. Finally, Wells Fargo & Company raised their price target on Monster Beverage from $57.00 to $60.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Monster Beverage has a consensus rating of "Hold" and an average target price of $55.42.

Monster Beverage Stock Up 0.5 %

NASDAQ MNST traded up $0.26 during trading on Thursday, reaching $49.36. 5,342,636 shares of the company's stock traded hands, compared to its average volume of 6,571,796. The company's 50 day simple moving average is $51.89 and its two-hundred day simple moving average is $51.20. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22. The firm has a market cap of $48.00 billion, a price-to-earnings ratio of 31.64, a price-to-earnings-growth ratio of 2.08 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51.

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.