Monster Beverage Co. (NASDAQ:MNST) Shares Bought by Marshall & Sullivan Inc. WA

Marshall & Sullivan Inc. WA lifted its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 0.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 87,349 shares of the company’s stock after buying an additional 301 shares during the quarter. Monster Beverage makes up about 2.2% of Marshall & Sullivan Inc. WA’s holdings, making the stock its 22nd largest position. Marshall & Sullivan Inc. WA’s holdings in Monster Beverage were worth $4,591,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MNST. CWA Asset Management Group LLC lifted its stake in Monster Beverage by 3.1% in the fourth quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company’s stock valued at $367,000 after buying an additional 213 shares in the last quarter. Accretive Wealth Partners LLC raised its holdings in shares of 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 purchasing an additional 225 shares during the last quarter. Ieq Capital LLC lifted its position in Monster Beverage by 0.3% during the 2nd quarter. Ieq Capital LLC now owns 68,735 shares of the company’s stock worth $3,433,000 after buying an additional 232 shares in 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 buying an additional 241 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Monster Beverage by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 39,187 shares of the company’s stock valued at $2,045,000 after purchasing an additional 259 shares in the last quarter. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $52.65, for a total transaction of $526,500.00. Following the sale, the chief financial officer now directly owns 74,924 shares of the company’s stock, valued at approximately $3,944,748.60. The trade was a 11.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.80% of the stock is currently owned by insiders.

Monster Beverage Price Performance

NASDAQ MNST traded up $0.34 during trading hours on Monday, reaching $50.08. 3,665,412 shares of the stock traded hands, compared to its average volume of 4,225,963. The stock has a 50 day simple moving average of $53.26 and a two-hundred day simple moving average of $51.28. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The company has a market cap of $48.70 billion, a price-to-earnings ratio of 32.10, a price-to-earnings-growth ratio of 2.52 and a beta of 0.74.

Wall Street Analyst Weigh In

MNST has been the topic of a number of research analyst reports. 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 report on Monday, November 11th. JPMorgan Chase & Co. reduced their price objective on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Argus lifted their target price on shares of Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Stifel Nicolaus boosted their price objective on Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Needham & Company LLC assumed coverage on Monster Beverage in a report on Friday, December 6th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.30.

Monster Beverage 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.