Gateway Investment Advisers LLC Has $23.58 Million Holdings in Monster Beverage Co. (NASDAQ:MNST)

Gateway Investment Advisers LLC increased its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 448,712 shares of the company’s stock after buying an additional 9,015 shares during the period. Gateway Investment Advisers LLC’s holdings in Monster Beverage were worth $23,584,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Monster Beverage during the 2nd quarter worth about $30,000. Quarry LP grew its holdings 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 purchasing an additional 497 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its holdings 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 worth $59,000 after purchasing an additional 1,126 shares during the period. Versant Capital Management Inc increased its position in Monster Beverage by 84.9% during the fourth quarter. Versant Capital Management Inc now owns 1,185 shares of the company’s stock worth $62,000 after buying an additional 544 shares during the last quarter. Finally, DT Investment Partners LLC raised its stake in Monster Beverage by 38.6% in the third quarter. DT Investment Partners LLC now owns 1,386 shares of the company’s stock valued at $72,000 after buying an additional 386 shares during the period. 72.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MNST. JPMorgan Chase & Co. reduced 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. UBS Group reduced their price objective on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Thursday. Needham & Company LLC started coverage on shares of Monster Beverage in a research report on Friday, December 6th. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, BNP Paribas decreased their price target on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a research note on Thursday, December 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $56.10.

Insider Buying and Selling

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the business’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 transaction of $526,500.00. Following the sale, the chief financial officer now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.80% of the stock is owned by corporate insiders.

Monster Beverage Stock Performance

NASDAQ:MNST opened at $49.65 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. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The company has a market cap of $48.29 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.10 and a beta of 0.74. The stock has a fifty day moving average price of $53.00 and a 200-day moving average price of $51.26.

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.