New Mexico Educational Retirement Board Sells 1,100 Shares of Monster Beverage Co. (NASDAQ:MNST)

New Mexico Educational Retirement Board lowered its stake in Monster Beverage Co. (NASDAQ:MNST) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 33,600 shares of the company’s stock after selling 1,100 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Monster Beverage were worth $1,766,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Monster Beverage by 62.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after acquiring an additional 203 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in shares of Monster Beverage by 1.5% during the fourth quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company’s stock valued at $714,000 after acquiring an additional 203 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in shares of Monster Beverage by 3.1% during the fourth quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company’s stock valued at $367,000 after acquiring an additional 213 shares in the last quarter. Accretive Wealth Partners LLC raised its holdings in shares of Monster Beverage by 1.3% during the third quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company’s stock valued at $930,000 after acquiring an additional 225 shares in the last quarter. Finally, Sapient Capital LLC raised its holdings in Monster Beverage by 0.5% in the fourth quarter. Sapient Capital LLC now owns 46,082 shares of the company’s stock worth $2,422,000 after purchasing an additional 228 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Trading Down 0.5 %

Shares of NASDAQ:MNST opened at $49.25 on Monday. The stock has a market capitalization of $47.90 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 1.96 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The stock’s 50-day simple moving average is $50.34 and its two-hundred day simple moving average is $50.97. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22.

Insider Transactions at Monster Beverage

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

Analyst Ratings Changes

A number of research firms have issued reports on MNST. Wells Fargo & Company increased their price objective on Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Needham & Company LLC started coverage on Monster Beverage in a research note on Friday, December 6th. They issued a “hold” rating on the stock. Stifel Nicolaus increased their target price on Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. TD Cowen increased their target price on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, BNP Paribas cut their target price on 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 twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Monster Beverage presently has a consensus rating of “Hold” and an average target price of $55.53.

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.