Fifth Third Bancorp Has $13.28 Million Position in Monster Beverage Co. (NASDAQ:MNST)

Fifth Third Bancorp grew its position in Monster Beverage Co. (NASDAQ:MNST) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 252,572 shares of the company’s stock after purchasing an additional 18,227 shares during the quarter. Fifth Third Bancorp’s holdings in Monster Beverage were worth $13,275,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MNST. Marshall Wace LLP boosted its stake in Monster Beverage by 273.7% during the 2nd quarter. Marshall Wace LLP now owns 63,028 shares of the company’s stock valued at $3,148,000 after purchasing an additional 46,164 shares during the period. AQR Capital Management LLC raised its holdings in Monster Beverage by 8.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,142,807 shares of the company’s stock valued at $57,083,000 after acquiring an additional 92,638 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Monster Beverage by 341.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 580,990 shares of the company’s stock worth $29,020,000 after acquiring an additional 449,524 shares during the period. MBB Public Markets I LLC bought a new stake in shares of Monster Beverage during the second quarter valued at approximately $2,674,000. Finally, Susquehanna Fundamental Investments LLC raised its stake in shares of Monster Beverage by 158.2% in the second quarter. Susquehanna Fundamental Investments LLC now owns 279,723 shares of the company’s stock valued at $13,972,000 after purchasing an additional 171,406 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Price Performance

Shares of MNST stock opened at $48.28 on Friday. The firm has a market cap of $46.95 billion, a price-to-earnings ratio of 30.95, a PEG ratio of 2.08 and a beta of 0.74. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month 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 stock has a 50-day moving average price of $52.16 and a 200 day moving average price of $51.22.

Insider Transactions at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction on Friday, December 13th. The shares were 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 approximately $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 accessible through the SEC website. 7.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MNST. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 8th. 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 research note on Thursday, December 19th. Needham & Company LLC began coverage on Monster Beverage in a research report on Friday, December 6th. They set a “hold” rating for the company. Stifel Nicolaus upped their price target on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Bank of America lifted their price objective on Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Two equities 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 company. Based on data from MarketBeat, Monster Beverage currently has an average 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.