Montrusco Bolton Investments Inc. Acquires 2,480,291 Shares of Monster Beverage Co. (NASDAQ:MNST)

Montrusco Bolton Investments Inc. raised its holdings in Monster Beverage Co. (NASDAQ:MNST) by 250.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,468,660 shares of the company’s stock after acquiring an additional 2,480,291 shares during the quarter. Monster Beverage comprises approximately 2.2% of Montrusco Bolton Investments Inc.’s holdings, making the stock its 18th largest position. Montrusco Bolton Investments Inc. owned about 0.36% of Monster Beverage worth $178,801,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Sustainable Insight Capital Management LLC acquired a new stake in Monster Beverage in the 4th quarter worth approximately $1,214,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Monster Beverage by 6.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 251,570 shares of the company’s stock worth $13,124,000 after buying an additional 15,611 shares during the period. Daiwa Securities Group Inc. grew its stake in Monster Beverage by 6.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 151,364 shares of the company’s stock valued at $7,897,000 after buying an additional 9,496 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in Monster Beverage during the third quarter valued at about $630,000. Finally, Miracle Mile Advisors LLC acquired a new position in shares of Monster Beverage in the fourth quarter valued at $7,090,000. 72.36% of the stock is owned by institutional investors.

Insider Transactions at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $52.65, for a total value of $526,500.00. Following the completion of the sale, the chief financial officer now directly owns 74,924 shares in the company, valued at approximately $3,944,748.60. This represents a 11.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.80% of the company’s stock.

Monster Beverage Stock Down 1.4 %

MNST stock opened at $48.65 on Wednesday. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22. The stock has a market cap of $47.31 billion, a P/E ratio of 31.19, a PEG ratio of 2.08 and a beta of 0.74. The business’s 50-day moving average price is $51.98 and its 200-day moving average price is $51.22.

Wall Street Analyst Weigh In

MNST has been the subject of several research reports. Royal Bank of Canada restated an “outperform” rating and issued a $59.00 price objective on shares of Monster Beverage in a research report on Wednesday, January 22nd. UBS Group reduced their price objective on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Needham & Company LLC began coverage on Monster Beverage in a research note on Friday, December 6th. They issued a “hold” rating for the company. Stifel Nicolaus increased their price objective on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company lifted their target price on Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $55.42.

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.