Dynamic Advisor Solutions LLC Cuts Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Dynamic Advisor Solutions LLC cut its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 13.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,797 shares of the company’s stock after selling 2,252 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Monster Beverage were worth $778,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Monster Beverage during the 2nd quarter worth about $30,000. Retirement Wealth Solutions LLC acquired a new position in Monster Beverage in the 4th quarter worth about $30,000. Quarry LP grew its holdings in Monster Beverage by 152.0% in the second quarter. Quarry LP now owns 824 shares of the company’s stock valued at $41,000 after purchasing an additional 497 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Monster Beverage by 16,085.7% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock valued at $59,000 after buying an additional 1,126 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Monster Beverage by 84.9% during the 4th 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 period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on MNST. Wells Fargo & Company boosted their price target on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. TD Cowen boosted their target price 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. BNP Paribas lowered their price objective on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a report on Thursday, December 19th. Royal Bank of Canada reissued an “outperform” rating and set a $59.00 target price on shares of Monster Beverage in a report on Wednesday, January 22nd. Finally, UBS Group lowered their price target on Monster Beverage from $57.00 to $53.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $55.42.

Monster Beverage Price Performance

Shares of MNST stock opened at $48.28 on Monday. The firm’s 50-day moving average is $52.16 and its two-hundred day moving average is $51.23. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The company has a market capitalization of $46.95 billion, a PE ratio of 30.95, a price-to-earnings-growth ratio of 2.08 and a beta of 0.74.

Insider Activity

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the firm’s 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 completion of the sale, the chief financial officer now owns 74,924 shares of the company’s stock, valued at $3,944,748.60. This trade represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.80% of the company’s stock.

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.