Monster Beverage Co. (NASDAQ:MNST) Shares Acquired by UMB Bank n.a.

UMB Bank n.a. boosted its position in Monster Beverage Co. (NASDAQ:MNST) by 57.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,223 shares of the company’s stock after acquiring an additional 811 shares during the quarter. UMB Bank n.a.’s holdings in Monster Beverage were worth $117,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors 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 in the second quarter valued at about $30,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Monster Beverage during the 4th quarter valued at approximately $30,000. Quarry LP boosted its stake in shares of Monster Beverage by 152.0% during the 2nd quarter. Quarry LP now owns 824 shares of the company’s stock worth $41,000 after acquiring an additional 497 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings 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 worth $59,000 after acquiring an additional 1,126 shares during the period. Finally, Versant Capital Management Inc increased its stake 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 in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Analysts Set New Price Targets

MNST has been the topic of several research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $59.00 target price on shares of Monster Beverage in a report on Wednesday. JPMorgan Chase & Co. cut their target price on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. UBS Group lowered their price target on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Needham & Company LLC initiated coverage on Monster Beverage in a research report on Friday, December 6th. They set a “hold” rating for the company. Finally, Wells Fargo & Company raised their price target on Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Monster Beverage currently has a consensus rating of “Hold” and an average price target of $55.42.

Monster Beverage Price Performance

Monster Beverage stock opened at $48.11 on Friday. 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 capitalization of $46.79 billion, a P/E ratio of 30.84, a PEG ratio of 2.08 and a beta of 0.74. The firm has a fifty day moving average of $52.39 and a 200-day moving average of $51.26. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week 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 the stock in a transaction that occurred on Friday, December 13th. The shares were 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.80% of the stock is currently owned by corporate insiders.

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.