Monster Beverage Co. (NASDAQ:MNST) Shares Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC raised its position in Monster Beverage Co. (NASDAQ:MNST) by 59.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 23,490 shares of the company’s stock after acquiring an additional 8,726 shares during the quarter. Summit Trail Advisors LLC’s holdings in Monster Beverage were worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Sustainable Insight Capital Management LLC acquired a new stake in shares of Monster Beverage in the fourth quarter valued at approximately $1,214,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Monster Beverage by 6.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 251,570 shares of the company’s stock valued at $13,124,000 after acquiring an additional 15,611 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Monster Beverage by 6.7% in the third quarter. Daiwa Securities Group Inc. now owns 151,364 shares of the company’s stock valued at $7,897,000 after acquiring an additional 9,496 shares in the last quarter. Miracle Mile Advisors LLC bought a new position in shares of Monster Beverage in the fourth quarter valued at approximately $7,090,000. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Monster Beverage in the third quarter valued at approximately $630,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Trading Up 2.7 %

Monster Beverage stock opened at $47.81 on Tuesday. The company’s fifty day simple moving average is $50.85 and its 200-day simple moving average is $51.06. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.22. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The stock has a market cap of $46.50 billion, a P/E ratio of 30.65, a P/E/G ratio of 1.96 and a beta of 0.74.

Analyst Ratings Changes

Several research firms have recently issued reports on MNST. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 8th. JPMorgan Chase & Co. reduced their target price on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Wells Fargo & Company raised their target price on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Argus raised their target price on shares of Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Stifel Nicolaus raised their target price on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.42.

Insider Transactions at Monster Beverage

In related 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 value of $526,500.00. Following the sale, the chief financial officer now owns 74,924 shares of the company’s stock, 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 through this hyperlink. Insiders own 7.80% of the company’s stock.

About Monster Beverage

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.