Monster Beverage Co. (NASDAQ:MNST) Shares Acquired by Graypoint LLC

Graypoint LLC increased its stake in Monster Beverage Co. (NASDAQ:MNST) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,487 shares of the company’s stock after acquiring an additional 314 shares during the period. Graypoint LLC’s holdings in Monster Beverage were worth $341,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp raised its position in Monster Beverage by 6.9% in the 3rd quarter. State Street Corp now owns 33,742,390 shares of the company’s stock valued at $1,760,341,000 after purchasing an additional 2,168,379 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in Monster Beverage by 4.7% in the third quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock valued at $1,416,048,000 after acquiring an additional 1,229,789 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Monster Beverage by 109.3% in the third quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock worth $1,176,913,000 after acquiring an additional 11,779,162 shares during the last quarter. Geode Capital Management LLC lifted its stake in Monster Beverage by 3.1% in the third quarter. Geode Capital Management LLC now owns 15,728,086 shares of the company’s stock worth $817,490,000 after acquiring an additional 473,418 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in Monster Beverage by 18.1% during the 3rd quarter. Wellington Management Group LLP now owns 3,898,127 shares of the company’s stock worth $203,365,000 after acquiring an additional 596,078 shares in the last quarter. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Monster Beverage

In other news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $52.65, for a total value of $526,500.00. Following the sale, the chief financial officer now owns 74,924 shares of the company’s stock, valued at $3,944,748.60. The trade was a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MNST has been the subject of several recent analyst reports. TD Cowen lifted their price objective on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. decreased their price target on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company 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. Argus boosted their target price on Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, UBS Group increased their price target on shares of Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.30.

Monster Beverage Trading Down 3.6 %

Shares of MNST stock opened at $49.74 on Friday. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $53.26 and its two-hundred day moving average is $51.27. The company has a market capitalization of $48.37 billion, a P/E ratio of 31.88, a price-to-earnings-growth ratio of 2.52 and a beta of 0.74.

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.