Monster Beverage Co. (NASDAQ:MNST) Stock Holdings Increased by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC grew its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 11.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 14,196 shares of the company’s stock after acquiring an additional 1,508 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Monster Beverage were worth $746,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MNST. Miracle Mile Advisors LLC bought a new stake in shares of Monster Beverage during the fourth quarter valued at about $7,090,000. Elevated Capital Advisors LLC acquired a new position in Monster Beverage during the 4th quarter valued at about $208,000. Marshall & Sullivan Inc. WA raised its position in shares of Monster Beverage by 0.3% during the 4th quarter. Marshall & Sullivan Inc. WA now owns 87,349 shares of the company’s stock worth $4,591,000 after buying an additional 301 shares in the last quarter. Wedmont Private Capital lifted its stake in shares of Monster Beverage by 12.2% in the 4th quarter. Wedmont Private Capital now owns 12,146 shares of the company’s stock worth $604,000 after acquiring an additional 1,319 shares during the period. Finally, Czech National Bank boosted its holdings in shares of Monster Beverage by 5.7% in the fourth quarter. Czech National Bank now owns 151,821 shares of the company’s stock valued at $7,980,000 after acquiring an additional 8,150 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $52.65, for a total value of $526,500.00. Following the completion of the sale, the chief financial officer now directly owns 74,924 shares of the company’s stock, valued at $3,944,748.60. This represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 7.80% of the company’s stock.

Monster Beverage Stock Performance

Shares of MNST stock opened at $49.65 on Friday. The company has a market capitalization of $48.29 billion, a price-to-earnings ratio of 31.83, a P/E/G ratio of 2.10 and a beta of 0.74. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $53.00 and its 200-day simple moving average is $51.26.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MNST. UBS Group cut their target price on Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Thursday. Argus upped their price objective on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. lowered their target price on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut their price target 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. Finally, Bank of America raised their price objective on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $56.10.

About Monster Beverage

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.