Shaker Investments LLC OH Sells 271 Shares of Monster Beverage Co. (NASDAQ:MNST)

Shaker Investments LLC OH reduced its position in Monster Beverage Co. (NASDAQ:MNST) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,636 shares of the company’s stock after selling 271 shares during the quarter. Shaker Investments LLC OH’s holdings in Monster Beverage were worth $1,820,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its holdings in shares of Monster Beverage by 109.3% in the 3rd quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock valued at $1,176,913,000 after purchasing an additional 11,779,162 shares in the last quarter. Montrusco Bolton Investments Inc. increased its holdings in Monster Beverage by 250.9% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 3,468,660 shares of the company’s stock worth $178,801,000 after purchasing an additional 2,480,291 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Monster Beverage by 1,148.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,596,888 shares of the company’s stock valued at $135,480,000 after acquiring an additional 2,388,798 shares during the period. State Street Corp boosted its position in shares of Monster Beverage by 6.9% during the 3rd quarter. State Street Corp now owns 33,742,390 shares of the company’s stock worth $1,760,341,000 after purchasing an additional 2,168,379 shares in the last quarter. Finally, Holocene Advisors LP acquired a new stake in Monster Beverage in the third quarter valued at approximately $73,600,000. Institutional investors own 72.36% of the company’s stock.

Insider Activity at Monster Beverage

In other news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was 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 owns 74,924 shares of the company’s stock, valued at approximately $3,944,748.60. This represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.80% of the stock is currently owned by company insiders.

Monster Beverage Stock Performance

Shares of NASDAQ MNST opened at $47.81 on Tuesday. The stock’s 50-day moving average is $50.85 and its 200 day moving average is $51.06. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The stock has a market cap of $46.50 billion, a price-to-earnings ratio of 30.65, a P/E/G ratio of 1.96 and a beta of 0.74. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13.

Analysts Set New Price Targets

A number of brokerages have issued reports on MNST. UBS Group reduced their price objective on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Needham & Company LLC assumed coverage on Monster Beverage in a report on Friday, December 6th. They issued a “hold” rating for the company. BNP Paribas dropped their price objective on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a report 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. Finally, JPMorgan Chase & Co. dropped their price target on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $55.42.

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.