Czech National Bank Increases Stake in Monster Beverage Co. (NASDAQ:MNST)

Czech National Bank lifted its stake in Monster Beverage Co. (NASDAQ:MNSTFree Report) by 5.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 151,821 shares of the company’s stock after buying an additional 8,150 shares during the quarter. Czech National Bank’s holdings in Monster Beverage were worth $7,980,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. bought a new stake in Monster Beverage in the 2nd quarter valued at $30,000. Quarry LP boosted its holdings in shares of Monster Beverage by 152.0% during the 2nd quarter. Quarry LP now owns 824 shares of the company’s stock valued at $41,000 after purchasing an additional 497 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Monster Beverage by 16,085.7% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock valued at $59,000 after purchasing an additional 1,126 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Monster Beverage by 84.9% in the fourth quarter. Versant Capital Management Inc now owns 1,185 shares of the company’s stock worth $62,000 after purchasing an additional 544 shares during the last quarter. Finally, DT Investment Partners LLC boosted its stake in Monster Beverage by 38.6% during the third quarter. DT Investment Partners LLC now owns 1,386 shares of the company’s stock valued at $72,000 after buying an additional 386 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MNST shares. Stifel Nicolaus raised their price target on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 8th. Argus boosted their price target on shares of Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 8th. JPMorgan Chase & Co. reduced their target price on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Finally, BNP Paribas decreased their target price on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.30.

Read Our Latest Analysis on MNST

Monster Beverage Stock Up 0.2 %

Shares of MNST opened at $50.10 on Wednesday. The firm has a fifty day moving average price of $53.10 and a 200-day moving average price of $51.27. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $48.72 billion, a P/E ratio of 32.12, a P/E/G ratio of 2.52 and a beta of 0.74. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage 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 completion of the sale, the chief financial officer now directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.80% of the stock is owned by corporate insiders.

About Monster Beverage

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Monster Beverage (NASDAQ:MNST)

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