Illinois Municipal Retirement Fund Sells 50,331 Shares of Monster Beverage Co. (NASDAQ:MNST)

Illinois Municipal Retirement Fund decreased its stake in Monster Beverage Co. (NASDAQ:MNST) by 19.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 207,186 shares of the company’s stock after selling 50,331 shares during the period. Illinois Municipal Retirement Fund’s holdings in Monster Beverage were worth $10,890,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. raised its position in Monster Beverage by 62.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock worth $28,000 after acquiring an additional 203 shares during the period. Spire Wealth Management bought a new stake in Monster Beverage in the fourth quarter worth about $29,000. Retirement Wealth Solutions LLC bought a new stake in Monster Beverage in the fourth quarter worth about $30,000. Geneos Wealth Management Inc. bought a new stake in Monster Beverage in the fourth quarter worth about $33,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in Monster Beverage by 16,085.7% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock worth $59,000 after acquiring an additional 1,126 shares during the period. Institutional investors own 72.36% of the company’s stock.

Insider Transactions at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $52.65, for a total transaction of $526,500.00. Following the completion of the sale, the chief financial officer now directly owns 74,924 shares in the company, valued at $3,944,748.60. This represents a 11.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 7.80% of the company’s stock.

Monster Beverage Trading Down 0.8 %

Shares of MNST opened at $52.13 on Wednesday. The firm has a market cap of $50.70 billion, a price-to-earnings ratio of 33.42, a PEG ratio of 2.28 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The firm has a 50 day moving average price of $50.19 and a 200-day moving average price of $51.07.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 8th. BNP Paribas reduced their target price 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $59.00 target price on shares of Monster Beverage in a research note on Wednesday, January 22nd. TD Cowen lifted their target price on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company lifted their target price on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently 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.