MassMutual Private Wealth & Trust FSB Trims Stake in Monster Beverage Co. (NASDAQ:MNST)

MassMutual Private Wealth & Trust FSB decreased its stake in Monster Beverage Co. (NASDAQ:MNST) by 69.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,060 shares of the company’s stock after selling 69,701 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Monster Beverage were worth $1,580,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. bought a new position in Monster Beverage during the second quarter valued at approximately $30,000. Retirement Wealth Solutions LLC purchased a new position in shares of Monster Beverage in the fourth quarter valued at about $30,000. Quarry LP increased its holdings in 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 period. E Fund Management Hong Kong Co. Ltd. raised its holdings 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 acquiring an additional 1,126 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in Monster Beverage by 84.9% in the 4th quarter. Versant Capital Management Inc now owns 1,185 shares of the company’s stock worth $62,000 after purchasing an additional 544 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MNST. Stifel Nicolaus increased their target price on Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. BNP Paribas lowered their price objective on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a research note on Thursday, December 19th. Argus upped their target price on shares of Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft lowered their price target on Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, Needham & Company LLC started coverage on shares of Monster Beverage in a report on Friday, December 6th. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $55.47.

Insider Transactions at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction dated 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 represents a 11.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.80% of the company’s stock.

Monster Beverage Price Performance

Shares of Monster Beverage stock opened at $49.42 on Tuesday. 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 company has a market capitalization of $48.06 billion, a price-to-earnings ratio of 31.68, a PEG ratio of 2.10 and a beta of 0.74. The stock’s 50-day simple moving average is $52.80 and its 200-day simple moving average is $51.27.

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.