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

Choreo LLC increased its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 11.6% during the 4th quarter, Holdings Channel reports. The fund owned 16,451 shares of the company’s stock after purchasing an additional 1,715 shares during the quarter. Choreo LLC’s holdings in Monster Beverage were worth $864,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of MNST. State Street Corp boosted its holdings in Monster Beverage by 6.9% during the third quarter. State Street Corp now owns 33,742,390 shares of the company’s stock worth $1,760,341,000 after buying an additional 2,168,379 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in shares of Monster Beverage by 4.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock valued at $1,416,048,000 after buying an additional 1,229,789 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Monster Beverage by 109.3% in the 3rd 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 in the last quarter. Geode Capital Management LLC raised its position in Monster Beverage by 3.1% during 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 period. Finally, Wellington Management Group LLP grew its position in shares of Monster Beverage by 18.1% in the third quarter. Wellington Management Group LLP now owns 3,898,127 shares of the company’s stock valued at $203,365,000 after purchasing an additional 596,078 shares during the period. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Monster Beverage Stock Up 0.6 %

Shares of MNST opened at $46.57 on Monday. The company’s 50-day simple moving average is $50.85 and its 200-day simple moving average is $51.05. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The stock has a market capitalization of $45.29 billion, a PE ratio of 29.85, a P/E/G ratio of 1.96 and a beta of 0.74.

Insiders Place Their Bets

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $52.65, for a total value of $526,500.00. Following the completion of the transaction, the chief financial officer now owns 74,924 shares in the company, valued at $3,944,748.60. The trade was a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 7.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

MNST has been the subject of several research analyst reports. Needham & Company LLC started coverage on shares of Monster Beverage in a research report on Friday, December 6th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft reduced their target price on Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 8th. Bank of America boosted their price target on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. TD Cowen raised their target price 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $59.00 price target on shares of Monster Beverage in a report on Wednesday, January 22nd. Two equities 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. Based on data from MarketBeat, Monster Beverage has a consensus rating of “Hold” and an average 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.