Crews Bank & Trust Makes New Investment in Monster Beverage Co. (NASDAQ:MNST)

Crews Bank & Trust acquired a new position in shares of Monster Beverage Co. (NASDAQ:MNST) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,622 shares of the company’s stock, valued at approximately $348,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sustainable Insight Capital Management LLC acquired a new stake in shares of Monster Beverage during the fourth quarter worth $1,214,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of Monster Beverage by 6.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 251,570 shares of the company’s stock worth $13,124,000 after acquiring an additional 15,611 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Monster Beverage by 6.7% during the third quarter. Daiwa Securities Group Inc. now owns 151,364 shares of the company’s stock worth $7,897,000 after acquiring an additional 9,496 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in shares of Monster Beverage during the third quarter worth $630,000. Finally, Miracle Mile Advisors LLC acquired a new stake in shares of Monster Beverage during the fourth quarter worth $7,090,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Stifel Nicolaus raised their price objective on shares of 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 issued a $59.00 target price on shares of Monster Beverage in a research report on Wednesday, January 22nd. UBS Group decreased their target price on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. BNP Paribas decreased their target price on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a research report on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Two investment 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $55.42.

Monster Beverage Stock Performance

Shares of MNST stock opened at $49.36 on Friday. The company has a market capitalization of $48.00 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 2.08 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 company has a 50-day simple moving average of $51.89 and a 200 day simple moving average of $51.20. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.22.

Insider Buying and Selling

In related news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction dated 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 7.80% of the stock is currently owned by insiders.

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.