Sanctuary Advisors LLC Sells 358 Shares of Monster Beverage Co. (NASDAQ:MNST)

Sanctuary Advisors LLC lowered its holdings in Monster Beverage Co. (NASDAQ:MNST) by 0.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 163,765 shares of the company’s stock after selling 358 shares during the quarter. Sanctuary Advisors LLC’s holdings in Monster Beverage were worth $8,083,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Baillie Gifford & Co. grew its stake in shares of Monster Beverage by 6.9% in the fourth quarter. Baillie Gifford & Co. now owns 303,618 shares of the company’s stock worth $15,958,000 after acquiring an additional 19,567 shares during the last quarter. Allworth Financial LP boosted its holdings in Monster Beverage by 22.5% in the 4th quarter. Allworth Financial LP now owns 5,179 shares of the company’s stock valued at $255,000 after purchasing an additional 951 shares during the period. Rhumbline Advisers grew its position in Monster Beverage by 0.3% in the 4th quarter. Rhumbline Advisers now owns 1,465,696 shares of the company’s stock worth $77,037,000 after purchasing an additional 4,968 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Monster Beverage by 4.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 408,055 shares of the company’s stock worth $21,443,000 after purchasing an additional 17,199 shares during the period. Finally, Avestar Capital LLC raised its position in shares of Monster Beverage by 28.6% during the fourth quarter. Avestar Capital LLC now owns 6,929 shares of the company’s stock valued at $364,000 after buying an additional 1,543 shares during the last quarter. 72.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Monster Beverage from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. 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 report on Friday, November 8th. Argus lifted their price target 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. Wells Fargo & Company increased 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. Finally, Needham & Company LLC assumed coverage on shares of Monster Beverage in a research report on Friday, December 6th. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $55.53.

Insider Activity at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the company’s stock in a transaction 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 owns 74,924 shares of the company’s stock, valued at approximately $3,944,748.60. This represents a 11.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.80% of the stock is currently owned by company insiders.

Monster Beverage Trading Up 1.3 %

MNST opened at $51.69 on Thursday. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The stock has a market capitalization of $50.27 billion, a PE ratio of 33.13, a PEG ratio of 2.09 and a beta of 0.74. 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 firm has a 50-day moving average price of $50.21 and a two-hundred day moving average price of $50.95.

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.