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

Fulton Breakefield Broenniman LLC decreased its holdings in Monster Beverage Co. (NASDAQ:MNST) by 9.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MNST. University of Texas Texas AM Investment Management Co. bought a new position in Monster Beverage during the 2nd quarter worth $30,000. Retirement Wealth Solutions LLC bought a new position in Monster Beverage during the fourth quarter worth about $30,000. Geneos Wealth Management Inc. bought a new stake in Monster Beverage in the 4th quarter valued at about $33,000. Quarry LP lifted its stake in Monster Beverage by 152.0% during the second quarter. Quarry LP now owns 824 shares of the company’s stock worth $41,000 after purchasing an additional 497 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Monster Beverage by 16,085.7% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock worth $59,000 after buying an additional 1,126 shares in the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Stock Down 1.4 %

Shares of NASDAQ MNST opened at $48.65 on Wednesday. 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 Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The stock has a market capitalization of $47.31 billion, a P/E ratio of 31.19, a P/E/G ratio of 2.08 and a beta of 0.74. The company has a 50-day moving average price of $52.08 and a 200-day moving average price of $51.23.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the 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 completion of the sale, the chief financial officer now owns 74,924 shares in the company, valued at approximately $3,944,748.60. This trade represents a 11.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. JPMorgan Chase & Co. lowered their target price on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. 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 research note on Thursday, December 19th. UBS Group lowered their price target on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada reissued an “outperform” rating and set a $59.00 price objective on shares of Monster Beverage in a report on Wednesday, January 22nd. 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 research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Monster Beverage has an average rating of “Hold” and an average target price of $55.42.

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.