Monster Beverage Co. (NASDAQ:MNST) Shares Sold by Perigon Wealth Management LLC

Perigon Wealth Management LLC lessened its stake in Monster Beverage Co. (NASDAQ:MNST) by 10.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,684 shares of the company’s stock after selling 1,867 shares during the quarter. Perigon Wealth Management LLC’s holdings in Monster Beverage were worth $828,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of MNST. State Street Corp raised its stake in Monster Beverage by 6.9% during the third quarter. State Street Corp now owns 33,742,390 shares of the company’s stock valued at $1,760,341,000 after buying an additional 2,168,379 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in shares of Monster Beverage by 4.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock valued at $1,416,048,000 after acquiring an additional 1,229,789 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Monster Beverage by 109.3% in the 3rd quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock valued at $1,176,913,000 after acquiring an additional 11,779,162 shares during the last quarter. Geode Capital Management LLC lifted its stake in Monster Beverage by 3.1% during the third quarter. Geode Capital Management LLC now owns 15,728,086 shares of the company’s stock worth $817,490,000 after purchasing an additional 473,418 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Monster Beverage by 18.1% during the third quarter. Wellington Management Group LLP now owns 3,898,127 shares of the company’s stock worth $203,365,000 after purchasing an additional 596,078 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MNST shares. BNP Paribas dropped their target price on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a report on Thursday, December 19th. TD Cowen increased their price objective 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. Royal Bank of Canada restated an “outperform” rating and issued a $59.00 target price on shares of Monster Beverage in a research note on Wednesday, January 22nd. Argus increased their price target on Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, UBS Group reduced their price objective on Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Two research 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, the stock has a consensus rating of “Hold” and an average target price of $55.42.

Insiders Place Their Bets

In other news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage 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 transaction, the chief financial officer now owns 74,924 shares of the company’s stock, valued at $3,944,748.60. The trade was a 11.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 7.80% of the stock is owned by company insiders.

Monster Beverage Stock Up 0.5 %

MNST opened at $49.36 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The company has a market capitalization of $48.00 billion, a PE ratio of 31.64, a P/E/G ratio of 2.08 and a beta of 0.74. The stock’s fifty day moving average is $51.89 and its 200-day moving average is $51.20. Monster Beverage Co. has a one year low of $43.32 and a one year 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.