Louisiana State Employees Retirement System Sells 5,700 Shares of Monster Beverage Co. (NASDAQ:MNST)

Louisiana State Employees Retirement System decreased its position in Monster Beverage Co. (NASDAQ:MNST) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 108,700 shares of the company’s stock after selling 5,700 shares during the period. Louisiana State Employees Retirement System’s holdings in Monster Beverage were worth $5,713,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. grew its position in Monster Beverage by 62.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after buying an additional 203 shares during the period. Spire Wealth Management purchased a new position in Monster Beverage in the fourth quarter valued at about $29,000. Retirement Wealth Solutions LLC bought a new position in shares of Monster Beverage during the 4th quarter valued at approximately $30,000. Geneos Wealth Management Inc. purchased a new stake in shares of Monster Beverage during the 4th quarter worth approximately $33,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Monster Beverage by 16,085.7% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock worth $59,000 after purchasing an additional 1,126 shares during the period. Institutional investors own 72.36% of the company’s stock.

Insider Buying and Selling

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the business’s 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.80% of the stock is owned by company insiders.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $48.17 on Thursday. The firm has a market capitalization of $46.85 billion, a P/E ratio of 30.88, a P/E/G ratio of 1.96 and a beta of 0.74. 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’s 50-day simple moving average is $50.58 and its two-hundred day simple moving average is $51.02. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Argus increased their price objective on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft decreased their price objective on Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $59.00 price objective on shares of Monster Beverage in a report on Wednesday, January 22nd. Stifel Nicolaus increased their target price on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, TD Cowen boosted their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $55.53.

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.