Inspire Investing LLC Sells 253 Shares of Monster Beverage Co. (NASDAQ:MNST)

Inspire Investing LLC lessened its position in Monster Beverage Co. (NASDAQ:MNST) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,760 shares of the company’s stock after selling 253 shares during the quarter. Inspire Investing LLC’s holdings in Monster Beverage were worth $1,301,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MNST. Evergreen Capital Management LLC raised its stake in shares of Monster Beverage by 16.4% in the second quarter. Evergreen Capital Management LLC now owns 8,011 shares of the company’s stock valued at $400,000 after purchasing an additional 1,128 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Monster Beverage by 273.7% in the 2nd quarter. Marshall Wace LLP now owns 63,028 shares of the company’s stock valued at $3,148,000 after buying an additional 46,164 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Monster Beverage by 51.8% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 141,405 shares of the company’s stock worth $7,063,000 after acquiring an additional 48,253 shares during the period. Insigneo Advisory Services LLC boosted its position in shares of Monster Beverage by 47.1% during the 2nd quarter. Insigneo Advisory Services LLC now owns 10,593 shares of the company’s stock valued at $535,000 after acquiring an additional 3,394 shares in the last quarter. Finally, AXA S.A. increased its stake in Monster Beverage by 0.3% in the second quarter. AXA S.A. now owns 580,913 shares of the company’s stock valued at $29,017,000 after acquiring an additional 1,528 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Price Performance

Monster Beverage stock opened at $48.11 on Friday. The stock has a market cap of $46.79 billion, a price-to-earnings ratio of 30.84, a P/E/G 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 business’s 50-day simple moving average is $52.39 and its 200 day simple moving average is $51.26.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MNST shares. UBS Group cut their price target on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Argus boosted their price target on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. TD Cowen increased their price objective on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Wells Fargo & Company boosted their target price on shares of Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft dropped 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 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $55.42.

Insider Activity

In related 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 transaction, the chief financial officer now directly owns 74,924 shares in the company, valued at $3,944,748.60. This represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 7.80% of the company’s stock.

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.