Blue Sky Asset Management LLC purchased a new stake in shares of Monster Beverage Co. (NASDAQ:MNST) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,950 shares of the company’s stock, valued at approximately $123,000.

Several other institutional investors have also added to or reduced their stakes in MNST. Liberty Capital Management Inc. raised its holdings in shares of Monster Beverage by 2,028.0% during the 3rd quarter. Liberty Capital Management Inc. now owns 2,128 shares of the company’s stock valued at $120,000 after purchasing an additional 2,028 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Monster Beverage by 397.6% during the 3rd quarter. Bessemer Group Inc. now owns 2,682 shares of the company’s stock valued at $148,000 after acquiring an additional 2,143 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of Monster Beverage during the 3rd quarter valued at about $169,000. Penserra Capital Management LLC acquired a new stake in shares of Monster Beverage during the 3rd quarter valued at about $182,000. Finally, Covington Capital Management acquired a new stake in shares of Monster Beverage during the 2nd quarter valued at about $206,000. Institutional investors and hedge funds own 66.04% of the company’s stock.

In other Monster Beverage news, Chairman Rodney C. Sacks sold 189,861 shares of the business’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $63.92, for a total value of $12,135,915.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Rodney C. Sacks sold 898 shares of the business’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $64.51, for a total transaction of $57,929.98. The disclosure for this sale can be found here. Insiders have sold a total of 268,026 shares of company stock valued at $17,179,867 over the last three months. 9.40% of the stock is currently owned by insiders.

Several brokerages have recently weighed in on MNST. Citigroup set a $60.00 target price on shares of Monster Beverage and gave the company a “buy” rating in a research report on Wednesday, October 18th. Deutsche Bank began coverage on shares of Monster Beverage in a research report on Wednesday, December 13th. They set a “hold” rating and a $66.00 target price on the stock. Susquehanna Bancshares set a $51.00 target price on shares of Monster Beverage and gave the company a “sell” rating in a research report on Monday, November 20th. Credit Suisse Group decreased their target price on shares of Monster Beverage from $64.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, November 9th. Finally, BidaskClub upgraded shares of Monster Beverage from a “hold” rating to a “buy” rating in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $64.41.

Monster Beverage Co. (MNST) opened at $64.55 on Thursday. Monster Beverage Co. has a 1-year low of $41.02 and a 1-year high of $70.21. The stock has a market cap of $36,210.00, a PE ratio of 47.12, a P/E/G ratio of 1.83 and a beta of 1.09.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. Monster Beverage had a net margin of 23.92% and a return on equity of 23.45%. The firm had revenue of $909.50 million during the quarter, compared to the consensus estimate of $903.82 million. During the same period last year, the firm posted $0.34 EPS. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. equities analysts anticipate that Monster Beverage Co. will post 1.48 EPS for the current year.

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Monster Beverage Company Profile

Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.

Institutional Ownership by Quarter for Monster Beverage (NASDAQ:MNST)

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