Flagship Harbor Advisors LLC Sells 235 Shares of Monster Beverage Co. (NASDAQ:MNST)

Flagship Harbor Advisors LLC lessened its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,742 shares of the company’s stock after selling 235 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Monster Beverage were worth $827,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. University of Texas Texas AM Investment Management Co. bought a new stake in Monster Beverage during the 2nd quarter worth $30,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Monster Beverage during the fourth quarter valued at about $30,000. Geneos Wealth Management Inc. bought a new stake in shares of Monster Beverage during the fourth quarter worth about $33,000. Quarry LP increased its stake in shares of Monster Beverage by 152.0% in the second quarter. Quarry LP now owns 824 shares of the company’s stock valued at $41,000 after buying an additional 497 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in Monster Beverage by 16,085.7% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock valued at $59,000 after buying an additional 1,126 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on MNST. JPMorgan Chase & Co. reduced their target price on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Wells Fargo & Company increased their price objective on Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. UBS Group cut their target price on Monster Beverage from $57.00 to $53.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Argus increased 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. Finally, Bank of America raised their price objective on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. 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 stock. According to data from MarketBeat, Monster Beverage presently has an average rating of “Hold” and a consensus price target of $55.42.

Monster Beverage Stock Performance

Shares of MNST stock opened at $49.34 on Tuesday. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.22. The firm has a market capitalization of $47.98 billion, a PE ratio of 31.63, a price-to-earnings-growth ratio of 2.08 and a beta of 0.74. The firm has a fifty day simple moving average of $52.16 and a two-hundred day simple moving average of $51.24. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13.

Insider Transactions at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction dated Friday, December 13th. The stock was 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 in the company, valued at approximately $3,944,748.60. The trade was a 11.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.80% of the stock is currently owned by insiders.

About Monster Beverage

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.