Bennett Selby Investments LP Has $510,000 Position in Monster Beverage Co. (NASDAQ:MNST)

Bennett Selby Investments LP grew its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 5.8% during the fourth quarter, Holdings Channel reports. The firm owned 9,704 shares of the company’s stock after purchasing an additional 528 shares during the period. Bennett Selby Investments LP’s holdings in Monster Beverage were worth $510,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Janus Henderson Group PLC raised its stake in Monster Beverage by 109.3% during the 3rd quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock valued at $1,176,913,000 after purchasing an additional 11,779,162 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of 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 valued at $135,480,000 after buying an additional 2,388,798 shares during the period. State Street Corp grew its position in 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 bought a new position in Monster Beverage during the third quarter valued at about $73,600,000. Finally, Loomis Sayles & Co. L P raised its holdings in Monster Beverage by 4.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock valued at $1,416,048,000 after acquiring an additional 1,229,789 shares in the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. 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. Deutsche Bank Aktiengesellschaft lowered their price objective on Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Wells Fargo & Company raised their target price on Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Stifel Nicolaus upped their price target on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. cut their price objective on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Monster Beverage currently has an average rating of “Hold” and an average price target of $55.42.

Monster Beverage Stock Performance

Shares of Monster Beverage stock opened at $48.28 on Friday. 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 company has a market cap of $46.95 billion, a PE ratio of 30.95, a price-to-earnings-growth ratio of 2.08 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 50 day moving average of $52.24 and a 200-day moving average of $51.23.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the company’s 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 transaction, the chief financial officer now directly owns 74,924 shares in the company, valued at approximately $3,944,748.60. This represents a 11.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company 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.