Monster Beverage Co. (NASDAQ:MNST) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC decreased its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 14.0% during the 4th quarter, HoldingsChannel reports. The fund owned 2,785 shares of the company’s stock after selling 453 shares during the quarter. Sentry Investment Management LLC’s holdings in Monster Beverage were worth $146,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. grew its position in Monster Beverage by 62.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock worth $28,000 after acquiring an additional 203 shares during the period. Bleakley Financial Group LLC lifted its stake in shares of Monster Beverage by 1.5% in the 4th quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company’s stock valued at $714,000 after purchasing an additional 203 shares during the last quarter. CWA Asset Management Group LLC grew its holdings in shares of Monster Beverage by 3.1% during the 4th quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company’s stock worth $367,000 after purchasing an additional 213 shares during the period. Accretive Wealth Partners LLC increased its position in shares of Monster Beverage by 1.3% during the 3rd quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company’s stock worth $930,000 after purchasing an additional 225 shares during the last quarter. Finally, Sapient Capital LLC raised its holdings in Monster Beverage by 0.5% in the 4th quarter. Sapient Capital LLC now owns 46,082 shares of the company’s stock valued at $2,422,000 after buying an additional 228 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Trading Down 0.9 %

NASDAQ MNST opened at $51.64 on Thursday. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.22. The firm has a 50 day moving average of $50.19 and a two-hundred day moving average of $51.08. The stock has a market capitalization of $50.22 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 2.28 and a beta of 0.74. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13.

Insider Buying and Selling

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 sale, the chief financial officer now directly owns 74,924 shares of the company’s stock, valued at $3,944,748.60. The trade was a 11.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

MNST has been the subject of several research analyst reports. Argus increased their target price on shares of Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Stifel Nicolaus boosted their target price on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 8th. BNP Paribas lowered their price target on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a research report on Thursday, December 19th. Finally, TD Cowen lifted their price objective on Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $55.53.

Monster Beverage Company 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.