Strategic Investment Advisors MI Sells 231 Shares of Monster Beverage Co. (NASDAQ:MNST)

Strategic Investment Advisors MI lessened its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,255 shares of the company’s stock after selling 231 shares during the quarter. Strategic Investment Advisors MI’s holdings in Monster Beverage were worth $224,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MNST. Sustainable Insight Capital Management LLC bought a new position in Monster Beverage in the 4th quarter worth approximately $1,214,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Monster Beverage by 6.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 251,570 shares of the company’s stock worth $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 worth $7,897,000 after acquiring an additional 9,496 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in shares of Monster Beverage in the third quarter valued at $630,000. Finally, Miracle Mile Advisors LLC bought a new stake in shares of Monster Beverage during the 4th quarter valued at $7,090,000. Institutional investors own 72.36% of the company’s stock.

Insider Buying and Selling at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage 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 transaction, the chief financial officer now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Royal Bank of Canada restated an “outperform” rating and issued a $59.00 target price on shares of Monster Beverage in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 8th. JPMorgan Chase & Co. decreased their target price 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. Stifel Nicolaus raised their price target on shares of Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Argus upped their price target 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $55.42.

Monster Beverage Stock Up 2.2 %

MNST opened at $49.34 on Tuesday. The company has a market cap of $47.98 billion, a P/E ratio of 31.63, a P/E/G ratio of 2.08 and a beta of 0.74. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.22. The business’s 50-day moving average price is $52.16 and its 200-day moving average price is $51.24. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13.

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.