Sustainable Insight Capital Management LLC Makes New $1.21 Million Investment in Monster Beverage Co. (NASDAQ:MNST)

Sustainable Insight Capital Management LLC purchased a new position in Monster Beverage Co. (NASDAQ:MNST) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,100 shares of the company’s stock, valued at approximately $1,214,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. University of Texas Texas AM Investment Management Co. bought a new stake in Monster Beverage during the second quarter valued at approximately $30,000. Retirement Wealth Solutions LLC bought a new stake in Monster Beverage during the fourth quarter worth about $30,000. Quarry LP raised its holdings in shares of Monster Beverage by 152.0% during the 2nd quarter. Quarry LP now owns 824 shares of the company’s stock valued at $41,000 after buying an additional 497 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in Monster Beverage by 16,085.7% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock worth $59,000 after buying an additional 1,126 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in Monster Beverage by 84.9% during the fourth quarter. Versant Capital Management Inc now owns 1,185 shares of the company’s stock valued at $62,000 after acquiring an additional 544 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Trading Down 2.2 %

Monster Beverage stock opened at $48.11 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22. The stock has a market capitalization of $46.79 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 2.08 and a beta of 0.74. The business’s fifty day moving average is $52.39 and its 200 day moving average is $51.26.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MNST. Deutsche Bank Aktiengesellschaft lowered 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. Argus increased their target price on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Stifel Nicolaus boosted their price objective on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Bank of America increased their price target 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. Finally, Wells Fargo & Company upped their price objective 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $55.42.

Insider Activity

In other news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 7.80% of the company’s stock.

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.