Fulton Breakefield Broenniman LLC Sells 534 Shares of Monster Beverage Co. (NASDAQ:MNST)

Fulton Breakefield Broenniman LLC trimmed its position in Monster Beverage Co. (NASDAQ:MNST) by 9.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,226 shares of the company’s stock after selling 534 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Monster Beverage were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the business. Marshall Wace LLP boosted its holdings in shares of Monster Beverage by 273.7% in the 2nd quarter. Marshall Wace LLP now owns 63,028 shares of the company’s stock valued at $3,148,000 after acquiring an additional 46,164 shares during the last quarter. Algert Global LLC purchased a new position in shares of Monster Beverage during the 2nd quarter valued at about $234,000. Quarry LP lifted its holdings in shares of Monster Beverage by 152.0% in the 2nd quarter. Quarry LP now owns 824 shares of the company’s stock valued at $41,000 after buying an additional 497 shares during the period. Granite Bay Wealth Management LLC purchased a new stake in shares of Monster Beverage in the second quarter worth about $2,671,000. Finally, Aristides Capital LLC acquired a new stake in Monster Beverage during the second quarter worth about $849,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insider Buying and Selling

In related news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 74,924 shares in the company, valued at $3,944,748.60. This trade represents a 11.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 7.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MNST has been the topic of a number of analyst reports. Argus raised their target price on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Royal Bank of Canada restated an “outperform” rating and set a $59.00 price target on shares of Monster Beverage in a research report on Wednesday, January 22nd. Needham & Company LLC started coverage on Monster Beverage in a research note on Friday, December 6th. They issued a “hold” rating on the stock. Stifel Nicolaus lifted their target price on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $55.42.

Monster Beverage Stock Down 1.4 %

MNST opened at $48.65 on Wednesday. The company has a market capitalization of $47.31 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 2.08 and a beta of 0.74. The business has a 50-day moving average of $52.08 and a 200-day moving average of $51.23. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51.

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.