MassMutual Private Wealth & Trust FSB Sells 69,701 Shares of Monster Beverage Co. (NASDAQ:MNST)

MassMutual Private Wealth & Trust FSB trimmed its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 69.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,060 shares of the company’s stock after selling 69,701 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Monster Beverage were worth $1,580,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. purchased a new position in Monster Beverage during the 2nd quarter valued at $30,000. Retirement Wealth Solutions LLC bought a new position in Monster Beverage during the 4th quarter worth about $30,000. Quarry LP boosted its stake in shares of Monster Beverage by 152.0% during the second quarter. Quarry LP now owns 824 shares of the company’s stock valued at $41,000 after purchasing an additional 497 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Monster Beverage by 16,085.7% in the 3rd 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 during the period. Finally, Versant Capital Management Inc grew its stake in Monster Beverage by 84.9% in the fourth quarter. Versant Capital Management Inc now owns 1,185 shares of the company’s stock valued at $62,000 after purchasing an additional 544 shares during the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Monster Beverage

In other 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 transaction, the chief financial officer now owns 74,924 shares in the company, 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.80% of the company’s stock.

Monster Beverage Stock Performance

MNST opened at $49.42 on Tuesday. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $52.80 and its 200 day moving average price is $51.27. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22. The firm has a market capitalization of $48.06 billion, a PE ratio of 31.68, a PEG ratio of 2.10 and a beta of 0.74.

Analysts Set New Price Targets

Several research firms have issued reports on MNST. TD Cowen lifted their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Wells Fargo & Company boosted their price objective on shares of Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, November 8th. JPMorgan Chase & Co. reduced their price objective 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. Finally, Stifel Nicolaus boosted their target price on shares of Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $55.47.

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.