Brooklyn Investment Group Acquires 734 Shares of Monster Beverage Co. (NASDAQ:MNST)

Brooklyn Investment Group increased its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 20.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,245 shares of the company’s stock after buying an additional 734 shares during the quarter. Brooklyn Investment Group’s holdings in Monster Beverage were worth $223,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. State Street Corp boosted its stake in shares of Monster Beverage by 6.9% in the 3rd quarter. State Street Corp now owns 33,742,390 shares of the company’s stock valued at $1,760,341,000 after purchasing an additional 2,168,379 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in Monster Beverage by 4.7% in the third 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 shares of Monster Beverage by 109.3% during the third quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock worth $1,176,913,000 after buying an additional 11,779,162 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Monster Beverage by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 15,728,086 shares of the company’s stock valued at $817,490,000 after acquiring an additional 473,418 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Monster Beverage by 18.1% during the 3rd quarter. Wellington Management Group LLP now owns 3,898,127 shares of the company’s stock valued at $203,365,000 after acquiring an additional 596,078 shares in the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $52.65, for a total value of $526,500.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available at this link. 7.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MNST. Wells Fargo & Company upped their target price on Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. BNP Paribas dropped their price objective on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a report on Thursday, December 19th. Argus boosted 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. TD Cowen raised their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Finally, Stifel Nicolaus boosted their price objective 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. 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’s stock. According to data from MarketBeat, Monster Beverage currently has an average rating of “Hold” and an average target price of $55.47.

Monster Beverage Stock Down 0.5 %

Shares of NASDAQ MNST opened at $49.42 on Friday. 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 firm has a market cap of $48.06 billion, a PE ratio of 31.68, a P/E/G ratio of 2.10 and a beta of 0.74. The company’s fifty day simple moving average is $52.80 and its 200 day simple moving average is $51.24. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22.

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.