Marshall & Sullivan Inc. WA Acquires 301 Shares of Monster Beverage Co. (NASDAQ:MNST)

Marshall & Sullivan Inc. WA raised its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 0.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 87,349 shares of the company’s stock after acquiring an additional 301 shares during the period. Monster Beverage makes up approximately 2.2% of Marshall & Sullivan Inc. WA’s holdings, making the stock its 22nd biggest position. Marshall & Sullivan Inc. WA’s holdings in Monster Beverage were worth $4,591,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. bought a new stake in Monster Beverage in the 2nd quarter worth approximately $30,000. Quarry LP raised its holdings in shares of Monster Beverage by 152.0% in the second quarter. Quarry LP now owns 824 shares of the company’s stock worth $41,000 after buying an additional 497 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Monster Beverage by 16,085.7% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock worth $59,000 after purchasing an additional 1,126 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Monster Beverage by 84.9% during the 4th quarter. Versant Capital Management Inc now owns 1,185 shares of the company’s stock valued at $62,000 after buying an additional 544 shares in the last quarter. Finally, DT Investment Partners LLC raised its stake in shares of Monster Beverage by 38.6% during the third quarter. DT Investment Partners LLC now owns 1,386 shares of the company’s stock valued at $72,000 after acquiring an additional 386 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Up 0.7 %

MNST stock traded up $0.34 during midday trading on Monday, hitting $50.08. The company’s stock had a trading volume of 3,665,412 shares, compared to its average volume of 4,225,963. The firm has a 50-day simple moving average of $53.26 and a 200-day simple moving average of $51.28. The firm has a market capitalization of $48.70 billion, a P/E ratio of 32.10, a PEG ratio of 2.52 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. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22.

Insiders Place Their Bets

In related 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 transaction of $526,500.00. Following the completion of the transaction, the chief financial officer now owns 74,924 shares in the company, valued at approximately $3,944,748.60. The trade was a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 7.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MNST. TD Cowen upped their price objective 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. JPMorgan Chase & Co. cut their price objective on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Stifel Nicolaus upped 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. Finally, Bank of America upped their price objective on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Monster Beverage currently has an average rating of “Moderate Buy” and an average target price of $56.30.

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.