Premier Path Wealth Partners LLC Acquires Shares of 4,227 Monster Beverage Co. (NASDAQ:MNST)

Premier Path Wealth Partners LLC bought a new position in Monster Beverage Co. (NASDAQ:MNST) in the 4th quarter, Holdings Channel.com reports. The firm bought 4,227 shares of the company’s stock, valued at approximately $222,000.

A number of other large investors have also modified their holdings of the stock. Janus Henderson Group PLC boosted its holdings in Monster Beverage by 109.3% in the 3rd quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock worth $1,176,913,000 after acquiring an additional 11,779,162 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Monster Beverage by 1,148.0% during the third quarter. Assenagon Asset Management S.A. now owns 2,596,888 shares of the company’s stock worth $135,480,000 after purchasing an additional 2,388,798 shares in the last quarter. State Street Corp boosted its stake in shares of Monster Beverage by 6.9% in the third quarter. State Street Corp now owns 33,742,390 shares of the company’s stock valued at $1,760,341,000 after purchasing an additional 2,168,379 shares during the period. Holocene Advisors LP acquired a new stake in Monster Beverage during the 3rd quarter valued at $73,600,000. Finally, Loomis Sayles & Co. L P increased its stake in Monster Beverage by 4.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock worth $1,416,048,000 after buying an additional 1,229,789 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Activity

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction on Friday, December 13th. The stock was sold at an average price of $52.65, for a total transaction of $526,500.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 7.80% of the company’s stock.

Monster Beverage Trading Down 0.5 %

Monster Beverage stock opened at $49.42 on Monday. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22. 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 $48.06 billion, a price-to-earnings ratio of 31.68, a PEG ratio of 2.10 and a beta of 0.74. The firm has a 50-day moving average price of $52.80 and a two-hundred day moving average price of $51.26.

Analyst Ratings Changes

A number of research firms have weighed in on MNST. Wells Fargo & Company upped their price objective on shares of Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price objective on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. UBS Group reduced their target price on Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a research note on Thursday. Argus lifted their price target on shares of Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, TD Cowen increased their price objective on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Two equities 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $55.47.

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.