Nilsine Partners LLC Increases Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Nilsine Partners LLC boosted its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 2.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 23,104 shares of the company’s stock after buying an additional 618 shares during the quarter. Nilsine Partners LLC’s holdings in Monster Beverage were worth $1,214,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MNST. CWA Asset Management Group LLC lifted its position 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 during the last quarter. Accretive Wealth Partners LLC raised its stake in shares of Monster Beverage by 1.3% in the 3rd quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company’s stock valued at $930,000 after acquiring an additional 225 shares during the period. UMB Bank n.a. lifted its holdings in shares of Monster Beverage by 20.6% in 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 last quarter. Thrivent Financial for Lutherans boosted its position 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 purchasing an additional 259 shares during the period. Finally, Great Valley Advisor Group Inc. increased its holdings in Monster Beverage by 1.8% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 14,642 shares of the company’s stock valued at $764,000 after purchasing an additional 262 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of the firm’s 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 sale, the chief financial officer now owns 74,924 shares in the company, valued at approximately $3,944,748.60. This trade represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.80% of the stock is owned by insiders.

Analyst Ratings Changes

MNST has been the subject of several research analyst reports. Stifel Nicolaus raised their price target on Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Bank of America lifted 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. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Needham & Company LLC started coverage on shares of Monster Beverage in a research note on Friday, December 6th. They set a “hold” rating on the stock. Finally, UBS Group decreased their price target on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $55.42.

Monster Beverage Price Performance

Shares of NASDAQ:MNST opened at $48.65 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The business’s fifty day moving average price is $52.08 and its two-hundred day moving average price is $51.23. The stock has a market cap of $47.31 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 2.08 and a beta of 0.74. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22.

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.