Venturi Wealth Management LLC Has $312,000 Stake in Monster Beverage Co. (NASDAQ:MNST)

Venturi Wealth Management LLC boosted its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 22.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,941 shares of the company’s stock after acquiring an additional 1,077 shares during the quarter. Venturi Wealth Management LLC’s holdings in Monster Beverage were worth $312,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MNST. Empower Advisory Group LLC raised its stake in shares of Monster Beverage by 6.5% in the fourth quarter. Empower Advisory Group LLC now owns 1,262,180 shares of the company’s stock valued at $66,340,000 after acquiring an additional 77,278 shares during the last quarter. Blue Chip Partners LLC increased its holdings in Monster Beverage by 3.1% during the 4th quarter. Blue Chip Partners LLC now owns 228,764 shares of the company’s stock valued at $12,024,000 after purchasing an additional 6,917 shares in the last quarter. CIBC Asset Management Inc raised its position in Monster Beverage by 27.6% in the 4th quarter. CIBC Asset Management Inc now owns 349,299 shares of the company’s stock valued at $18,359,000 after purchasing an additional 75,591 shares during the last quarter. Baillie Gifford & Co. boosted its stake in Monster Beverage by 6.9% in the fourth quarter. Baillie Gifford & Co. now owns 303,618 shares of the company’s stock worth $15,958,000 after purchasing an additional 19,567 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Monster Beverage by 22.5% during the fourth quarter. Allworth Financial LP now owns 5,179 shares of the company’s stock worth $255,000 after purchasing an additional 951 shares during the last quarter. 72.36% of the stock is owned by institutional investors.

Insider Activity at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 74,924 shares of the company’s stock, valued at approximately $3,944,748.60. This trade represents a 11.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on MNST shares. Needham & Company LLC initiated coverage on Monster Beverage in a report on Friday, December 6th. They issued a “hold” rating for the company. TD Cowen boosted 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. Argus increased their price target on shares of Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $59.00 price target on shares of Monster Beverage in a report on Wednesday, January 22nd. Finally, BNP Paribas reduced their price objective on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $55.53.

Monster Beverage Stock Performance

Shares of MNST stock opened at $51.21 on Friday. The stock has a market cap of $49.80 billion, a PE ratio of 32.83, a price-to-earnings-growth ratio of 2.18 and a beta of 0.74. The stock has a 50-day moving average of $50.18 and a 200-day moving average of $50.96. 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 one year low of $43.32 and a one year high of $61.22.

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.