Monster Beverage Co. (NASDAQ:MNST) Stock Position Raised by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC increased its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,615 shares of the company’s stock after acquiring an additional 358 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Monster Beverage were worth $3,712,000 at the end of the most recent quarter.

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

Monster Beverage Price Performance

NASDAQ MNST opened at $48.28 on Friday. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The stock’s 50-day moving average price is $52.16 and its two-hundred day moving average price is $51.22. The company has a market cap of $46.95 billion, a PE ratio of 30.95, a PEG ratio of 2.08 and a beta of 0.74. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13.

Insider Activity

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 approximately $3,944,748.60. The trade was a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on MNST. TD Cowen upped their target price on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Stifel Nicolaus increased their price objective on Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $59.00 target price on shares of Monster Beverage in a research note on Wednesday. UBS Group decreased their price target on Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, BNP Paribas lowered their price target on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a report on Thursday, December 19th. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $55.42.

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.