Montrusco Bolton Investments Inc. Has $226.19 Million Stock Position in Monster Beverage Corporation $MNST

Montrusco Bolton Investments Inc. lessened its stake in Monster Beverage Corporation (NASDAQ:MNST) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,411,736 shares of the company’s stock after selling 90,324 shares during the period. Monster Beverage accounts for 2.6% of Montrusco Bolton Investments Inc.’s portfolio, making the stock its 14th largest holding. Montrusco Bolton Investments Inc. owned about 0.35% of Monster Beverage worth $226,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in MNST. Norges Bank bought a new stake in Monster Beverage during the 2nd quarter worth about $544,584,000. Schroder Investment Management Group increased its holdings in Monster Beverage by 4,877.8% in the second quarter. Schroder Investment Management Group now owns 7,283,879 shares of the company’s stock valued at $456,262,000 after purchasing an additional 7,137,552 shares during the last quarter. AQR Capital Management LLC lifted its stake in Monster Beverage by 467.0% in the second quarter. AQR Capital Management LLC now owns 6,849,036 shares of the company’s stock valued at $422,996,000 after buying an additional 5,641,160 shares during the period. Vanguard Group Inc. grew its position in shares of Monster Beverage by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 67,483,584 shares of the company’s stock worth $4,542,320,000 after buying an additional 2,122,685 shares during the period. Finally, Marshall Wace LLP raised its position in shares of Monster Beverage by 1,126.9% in the 2nd quarter. Marshall Wace LLP now owns 2,121,758 shares of the company’s stock valued at $132,907,000 after acquiring an additional 1,948,827 shares during the period. Institutional investors own 72.36% of the company’s stock.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, Director Rodney C. Sacks sold 206,543 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $73.58, for a total transaction of $15,197,433.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Emelie Tirre sold 30,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $73.31, for a total transaction of $2,199,300.00. Following the completion of the transaction, the insider owned 63,939 shares in the company, valued at approximately $4,687,368.09. This represents a 31.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 8.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on MNST. Royal Bank Of Canada increased their target price on shares of Monster Beverage from $83.00 to $88.00 and gave the stock an “outperform” rating in a report on Tuesday. TD Cowen restated a “hold” rating on shares of Monster Beverage in a report on Thursday, January 8th. Citigroup reaffirmed a “buy” rating and set a $90.00 price objective (up from $87.00) on shares of Monster Beverage in a research report on Wednesday, January 14th. BNP Paribas Exane raised Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 price target for the company in a research report on Friday, January 16th. Finally, The Goldman Sachs Group boosted their price objective on shares of Monster Beverage from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Fourteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $80.00.

Monster Beverage Stock Performance

Monster Beverage stock opened at $85.41 on Thursday. The stock has a 50-day simple moving average of $79.71 and a 200 day simple moving average of $72.16. The stock has a market capitalization of $83.45 billion, a P/E ratio of 48.53, a PEG ratio of 2.19 and a beta of 0.45. Monster Beverage Corporation has a 52 week low of $50.93 and a 52 week high of $85.77.

Monster Beverage Profile

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.