Swedbank AB Has $8.01 Million Stake in Monster Beverage Co. (NASDAQ:MNST)

Swedbank AB grew its holdings in Monster Beverage Co. (NASDAQ:MNST) by 25.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 152,419 shares of the company’s stock after purchasing an additional 30,688 shares during the quarter. Swedbank AB’s holdings in Monster Beverage were worth $8,011,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Retirement Wealth Solutions LLC acquired a new stake in Monster Beverage in the 4th quarter valued at approximately $30,000. Geneos Wealth Management Inc. acquired a new stake in shares of Monster Beverage in the fourth quarter worth $33,000. Quarry LP increased its position in Monster Beverage by 152.0% during the second quarter. Quarry LP now owns 824 shares of the company’s stock worth $41,000 after acquiring an additional 497 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its stake in Monster Beverage by 16,085.7% during 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 purchasing an additional 1,126 shares during the last quarter. Finally, Versant Capital Management Inc boosted 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 valued at $62,000 after purchasing an additional 544 shares during the period. 72.36% of the stock is currently owned by institutional investors.

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 shares were sold at an average price of $52.65, for a total transaction of $526,500.00. Following the transaction, the chief financial officer now owns 74,924 shares in the company, valued at $3,944,748.60. This represents a 11.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, November 8th. UBS Group cut their price target on Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. BNP Paribas decreased 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. JPMorgan Chase & Co. cut their target price on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Finally, Stifel Nicolaus lifted their price target on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.42.

Monster Beverage Stock Down 1.3 %

NASDAQ MNST opened at $48.71 on Friday. The stock’s 50 day simple moving average is $51.69 and its 200 day simple moving average is $51.18. 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. The firm has a market cap of $47.37 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 2.08 and a beta of 0.74.

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.