Strategic Investment Advisors MI Sells 231 Shares of Monster Beverage Co. (NASDAQ:MNST)

Strategic Investment Advisors MI lowered its stake in Monster Beverage Co. (NASDAQ:MNST) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,255 shares of the company’s stock after selling 231 shares during the period. Strategic Investment Advisors MI’s holdings in Monster Beverage were worth $224,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Monster Beverage by 36.2% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,543 shares of the company’s stock valued at $81,000 after buying an additional 410 shares during the period. Marshall Financial Group LLC boosted its position in Monster Beverage by 3.0% during the 4th quarter. Marshall Financial Group LLC now owns 36,577 shares of the company’s stock valued at $1,922,000 after acquiring an additional 1,050 shares in the last quarter. KFG Wealth Management LLC grew its holdings in shares of Monster Beverage by 9.2% during the 4th quarter. KFG Wealth Management LLC now owns 9,583 shares of the company’s stock worth $504,000 after acquiring an additional 808 shares during the period. First Citizens Bank & Trust Co. raised its position in shares of Monster Beverage by 7.1% in the 4th quarter. First Citizens Bank & Trust Co. now owns 12,862 shares of the company’s stock worth $676,000 after acquiring an additional 858 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its stake in shares of Monster Beverage by 0.5% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 70,615 shares of the company’s stock valued at $3,712,000 after purchasing an additional 358 shares during the period. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Price Performance

Shares of MNST opened at $49.34 on Tuesday. The firm has a market cap of $47.98 billion, a PE ratio of 31.63, a P/E/G ratio of 2.08 and a beta of 0.74. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year 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 firm has a fifty day simple moving average of $52.16 and a two-hundred day simple moving average of $51.24.

Insider Buying and Selling at Monster Beverage

In other news, CFO Thomas J. Kelly sold 10,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were 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 owns 74,924 shares of the company’s stock, valued at $3,944,748.60. This represents a 11.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. TD Cowen increased their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Wells Fargo & Company boosted their price objective on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $59.00 target price on shares of Monster Beverage in a research note on Wednesday, January 22nd. Finally, BNP Paribas cut their price target on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a research note on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $55.42.

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.