Nilsine Partners LLC Acquires 618 Shares of Monster Beverage Co. (NASDAQ:MNST)

Nilsine Partners LLC lifted its stake in Monster Beverage Co. (NASDAQ:MNST) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,104 shares of the company’s stock after buying an additional 618 shares during the quarter. Nilsine Partners LLC’s holdings in Monster Beverage were worth $1,214,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in MNST. Sustainable Insight Capital Management LLC bought a new position in Monster Beverage during the fourth quarter valued at approximately $1,214,000. Nomura Asset Management Co. Ltd. boosted its position in shares of Monster Beverage by 6.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 251,570 shares of the company’s stock valued at $13,124,000 after acquiring an additional 15,611 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Monster Beverage by 6.7% in the third quarter. Daiwa Securities Group Inc. now owns 151,364 shares of the company’s stock valued at $7,897,000 after purchasing an additional 9,496 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in Monster Beverage in the third quarter worth $630,000. Finally, Miracle Mile Advisors LLC purchased a new stake in Monster Beverage during the fourth quarter valued at $7,090,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insider Transactions at Monster Beverage

In other news, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction that occurred 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 directly owns 74,924 shares in the company, valued at $3,944,748.60. The trade was a 11.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

MNST has been the subject of a number of analyst reports. BNP Paribas lowered their price target on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a report on Thursday, December 19th. JPMorgan Chase & Co. dropped their target price on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Monday, November 4th. UBS Group decreased their price target on Monster Beverage from $57.00 to $53.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft dropped their price objective 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, Bank of America increased their target price on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $55.42.

Monster Beverage Stock Down 1.4 %

Shares of NASDAQ MNST opened at $48.65 on Wednesday. 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 company’s 50-day simple moving average is $52.08 and its 200-day simple moving average is $51.23. The firm has a market cap of $47.31 billion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 2.08 and a beta of 0.74.

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.