FFT Wealth Management LLC Has $245,000 Stake in Monster Beverage Co. (NASDAQ:MNST)

FFT Wealth Management LLC lowered its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 7.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,656 shares of the company’s stock after selling 401 shares during the period. FFT Wealth Management LLC’s holdings in Monster Beverage were worth $245,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp increased its stake in shares of Monster Beverage by 6.9% in the third quarter. State Street Corp now owns 33,742,390 shares of the company’s stock valued at $1,760,341,000 after buying an additional 2,168,379 shares during the period. Loomis Sayles & Co. L P boosted its position in Monster Beverage by 4.7% during the 3rd 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 during the period. Janus Henderson Group PLC grew its holdings 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 worth $1,176,913,000 after acquiring an additional 11,779,162 shares during the last quarter. Geode Capital Management LLC increased its position in Monster Beverage by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 15,728,086 shares of the company’s stock valued at $817,490,000 after acquiring an additional 473,418 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Monster Beverage by 18.1% during the third quarter. Wellington Management Group LLP now owns 3,898,127 shares of the company’s stock valued at $203,365,000 after acquiring an additional 596,078 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MNST shares. Argus boosted their price objective on shares of Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. 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. BNP Paribas lowered their price objective on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a research report on Thursday, December 19th. UBS Group cut their price objective on Monster Beverage from $57.00 to $53.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Monster Beverage from $52.00 to $51.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Two equities research 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $55.53.

Monster Beverage Stock Performance

Shares of MNST opened at $51.64 on Thursday. The stock has a 50-day moving average of $50.19 and a 200-day moving average of $51.08. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The company has a market cap of $50.22 billion, a PE ratio of 33.10, a P/E/G ratio of 2.28 and a beta of 0.74.

Insider Buying and Selling at Monster Beverage

In other news, CFO Thomas J. Kelly sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $52.65, for a total transaction of $526,500.00. Following the transaction, 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 Securities & Exchange Commission, which is available through this link. 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.