Avior Wealth Management LLC Has $1.17 Million Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Avior Wealth Management LLC lessened its holdings in Monster Beverage Co. (NASDAQ:MNST) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,299 shares of the company’s stock after selling 1,480 shares during the period. Avior Wealth Management LLC’s holdings in Monster Beverage were worth $1,172,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MNST. Janus Henderson Group PLC raised 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 purchasing an additional 11,779,162 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Monster Beverage by 1,148.0% in the third quarter. Assenagon Asset Management S.A. now owns 2,596,888 shares of the company’s stock worth $135,480,000 after purchasing an additional 2,388,798 shares in the last quarter. State Street Corp increased its holdings in shares of Monster Beverage by 6.9% during 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 in the last quarter. Holocene Advisors LP acquired a new stake in shares of Monster Beverage during the third quarter worth approximately $73,600,000. Finally, Loomis Sayles & Co. L P increased its holdings in shares of Monster Beverage by 4.7% during 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 in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Price Performance

Shares of MNST stock opened at $48.28 on Friday. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22. The firm has a market capitalization of $46.95 billion, a price-to-earnings ratio of 30.95, a price-to-earnings-growth ratio of 2.08 and a beta of 0.74. 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 firm has a fifty day moving average of $52.24 and a 200-day moving average of $51.23.

Insider Buying and Selling

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the business’s 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 sale, the chief financial officer now directly owns 74,924 shares of the company’s stock, valued at $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 available through this link. Company insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MNST. BNP Paribas dropped their price objective on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a report on Thursday, December 19th. TD Cowen raised their price objective on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Argus raised their price objective on shares of Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Bank of America raised their price objective on shares of Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, UBS Group lowered their price target on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $55.42.

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.