Dynamic Advisor Solutions LLC Sells 2,252 Shares of Monster Beverage Co. (NASDAQ:MNST)

Dynamic Advisor Solutions LLC cut its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 13.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,797 shares of the company’s stock after selling 2,252 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Monster Beverage were worth $778,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. purchased a new position in Monster Beverage during the 2nd quarter worth $30,000. Retirement Wealth Solutions LLC purchased a new position in shares of Monster Beverage during the fourth quarter valued at $30,000. Quarry LP raised its holdings in shares of Monster Beverage by 152.0% in the second quarter. Quarry LP now owns 824 shares of the company’s stock valued at $41,000 after acquiring an additional 497 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake 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. Finally, Versant Capital Management Inc grew its holdings in Monster Beverage by 84.9% during the 4th quarter. Versant Capital Management Inc now owns 1,185 shares of the company’s stock worth $62,000 after acquiring an additional 544 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MNST shares. Argus upped 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 dropped their target price on Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Bank of America boosted their price target on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Stifel Nicolaus lifted their target price on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, BNP Paribas decreased their price target on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $55.42.

Insider Activity

In related news, CFO Thomas J. Kelly sold 10,000 shares of the firm’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 transaction, the chief financial officer now owns 74,924 shares of the company’s stock, valued at $3,944,748.60. This trade represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 7.80% of the company’s stock.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $48.28 on Monday. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.22. 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 firm has a market cap of $46.95 billion, a P/E ratio of 30.95, a P/E/G ratio of 2.08 and a beta of 0.74. The business’s 50 day moving average price is $52.16 and its 200 day moving average price is $51.23.

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.