Monster Beverage Co. (NASDAQ:MNST) Holdings Raised by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC grew its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,615 shares of the company’s stock after acquiring an additional 358 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Monster Beverage were worth $3,712,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. University of Texas Texas AM Investment Management Co. purchased a new position in Monster Beverage in the second quarter valued at about $30,000. Retirement Wealth Solutions LLC bought a new stake in shares of Monster Beverage in the 4th quarter valued at approximately $30,000. Geneos Wealth Management Inc. acquired a new position in Monster Beverage in the fourth quarter worth approximately $33,000. Quarry LP increased its holdings in Monster Beverage by 152.0% in the second quarter. Quarry LP now owns 824 shares of the company’s stock worth $41,000 after buying an additional 497 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in 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. 72.36% of the stock is owned by institutional investors and hedge funds.

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 stock was sold at an average price of $52.65, for a total value of $526,500.00. Following the completion of the transaction, the chief financial officer now directly 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 Securities & Exchange Commission, which is available through this hyperlink. 7.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on MNST shares. TD Cowen increased their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Bank of America increased their target price on shares of Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Wells Fargo & Company boosted 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. Needham & Company LLC initiated coverage on Monster Beverage in a report on Friday, December 6th. They issued a “hold” rating for the company. Finally, 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. Two 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 company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $55.42.

Monster Beverage Trading Up 0.4 %

Shares of MNST opened at $48.28 on Friday. The stock’s 50-day moving average price is $52.16 and its 200 day moving average price is $51.22. 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 capitalization of $46.95 billion, a price-to-earnings ratio of 30.95, a P/E/G ratio of 2.08 and a beta of 0.74. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22.

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.