Entropy Technologies LP Makes New Investment in Monster Beverage Co. (NASDAQ:MNST)

Entropy Technologies LP bought a new position in Monster Beverage Co. (NASDAQ:MNST) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,725 shares of the company’s stock, valued at approximately $301,000.

A number of other large investors have also bought and sold shares of the company. State Street Corp increased its position in Monster Beverage by 6.9% in the third quarter. State Street Corp now owns 33,742,390 shares of the company’s stock worth $1,760,341,000 after buying an additional 2,168,379 shares during the last quarter. Loomis Sayles & Co. L P increased its position in Monster Beverage by 4.7% in the third quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock worth $1,416,048,000 after buying an additional 1,229,789 shares during the last quarter. 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 last quarter. Geode Capital Management LLC increased its position in Monster Beverage by 3.1% in the third quarter. Geode Capital Management LLC now owns 15,728,086 shares of the company’s stock worth $817,490,000 after buying an additional 473,418 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Monster Beverage by 18.1% in the third quarter. Wellington Management Group LLP now owns 3,898,127 shares of the company’s stock worth $203,365,000 after buying an additional 596,078 shares during the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Trading Up 2.8 %

Shares of MNST stock opened at $49.52 on Friday. 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 business has a 50-day moving average price of $50.47 and a two-hundred day moving average price of $51.00. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22. The firm has a market cap of $48.16 billion, a P/E ratio of 31.74, a price-to-earnings-growth ratio of 1.96 and a beta of 0.74.

Insiders Place Their Bets

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction dated 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. The trade was a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MNST shares. BNP Paribas cut their price target on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a report on Thursday, December 19th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $59.00 price target on shares of Monster Beverage in a report on Wednesday, January 22nd. JPMorgan Chase & Co. cut their price target on Monster Beverage from $52.00 to $51.00 and set a “neutral” rating for the company in a report on Wednesday. UBS Group cut their price target on Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, TD Cowen raised their price target on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Monster Beverage presently has a consensus rating of “Hold” and a consensus price target of $55.53.

Monster Beverage 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.