Monster Beverage Co. (NASDAQ:MNST) Shares Sold by Modus Advisors LLC

Modus Advisors LLC decreased its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 7.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,478 shares of the company’s stock after selling 762 shares during the quarter. Modus Advisors LLC’s holdings in Monster Beverage were worth $498,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Monster Beverage during the 2nd quarter worth about $30,000. Quarry LP increased its position in shares of Monster Beverage by 152.0% during the second quarter. Quarry LP now owns 824 shares of the company’s stock valued at $41,000 after acquiring an additional 497 shares during the last quarter. Hazlett Burt & Watson Inc. increased its position in shares of Monster Beverage by 141.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 854 shares of the company’s stock valued at $43,000 after acquiring an additional 500 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Monster Beverage by 16,085.7% in the 3rd 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 during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of 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 acquiring an additional 544 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Up 0.1 %

MNST stock traded up $0.07 during trading on Friday, hitting $52.38. 325,010 shares of the company’s stock were exchanged, compared to its average volume of 2,056,233. The business has a 50-day moving average price of $53.42 and a two-hundred day moving average price of $51.15. 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 stock has a market capitalization of $50.94 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 2.49 and a beta of 0.74. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22.

Insider Transactions at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $52.65, for a total value 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. This represents a 11.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MNST shares. Bank of America boosted their target price on Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. 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 note on Friday, November 8th. BNP Paribas dropped their target price on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a research report on Thursday, December 19th. Needham & Company LLC started coverage on shares of Monster Beverage in a research report on Friday, December 6th. They set a “hold” rating on the stock. Finally, UBS Group lifted their price objective on shares of Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Monster Beverage currently has a consensus rating of “Moderate Buy” and an average target price of $56.30.

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.