Monster Beverage Co. (NASDAQ:MNST) Holdings Decreased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. reduced its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 11.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,143 shares of the company’s stock after selling 1,097 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Monster Beverage were worth $420,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MNST. State Street Corp raised its holdings in shares of Monster Beverage by 6.9% during the third quarter. State Street Corp now owns 33,742,390 shares of the company’s stock worth $1,760,341,000 after purchasing an additional 2,168,379 shares during the period. Loomis Sayles & Co. L P lifted its holdings in Monster Beverage by 4.7% in the third quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock worth $1,416,048,000 after acquiring an additional 1,229,789 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Monster Beverage by 109.3% in the third 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 period. Geode Capital Management LLC grew its holdings in shares of Monster Beverage by 3.1% during the third quarter. Geode Capital Management LLC now owns 15,728,086 shares of the company’s stock valued at $817,490,000 after purchasing an additional 473,418 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Monster Beverage by 18.1% during the 3rd 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 period. 72.36% of the stock is currently owned by institutional investors.

Monster Beverage Trading Down 1.2 %

Shares of NASDAQ MNST opened at $50.90 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. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.22. The company has a market cap of $49.50 billion, a price-to-earnings ratio of 32.63, a P/E/G ratio of 2.49 and a beta of 0.74. The business has a fifty day simple moving average of $53.56 and a 200-day simple moving average of $51.06.

Insider Buying and Selling at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of the company’s 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 in the company, valued at approximately $3,944,748.60. This represents a 11.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Stifel Nicolaus boosted their price objective on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Bank of America upped their price target 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. 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 research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, Wells Fargo & Company boosted their price objective 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 research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Monster Beverage presently has an average rating of “Moderate Buy” and a consensus 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.