LS Investment Advisors LLC Boosts Holdings in Monster Beverage Co. (MNST)

LS Investment Advisors LLC raised its position in Monster Beverage Co. (NASDAQ:MNST) by 7.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,012 shares of the company’s stock after purchasing an additional 822 shares during the period. LS Investment Advisors LLC’s holdings in Monster Beverage were worth $760,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Eastern Bank lifted its position in shares of Monster Beverage by 0.4% in the 4th quarter. Eastern Bank now owns 189,711 shares of the company’s stock worth $12,007,000 after purchasing an additional 845 shares during the period. Harbour Capital Advisors LLC lifted its position in shares of Monster Beverage by 4.3% in the 4th quarter. Harbour Capital Advisors LLC now owns 20,610 shares of the company’s stock worth $1,304,000 after purchasing an additional 855 shares during the period. Saturna Capital CORP lifted its position in shares of Monster Beverage by 3.0% in the 3rd quarter. Saturna Capital CORP now owns 31,100 shares of the company’s stock worth $1,718,000 after purchasing an additional 900 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Monster Beverage by 11.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 8,626 shares of the company’s stock worth $477,000 after purchasing an additional 914 shares during the period. Finally, Comerica Bank lifted its position in shares of Monster Beverage by 1.1% in the 3rd quarter. Comerica Bank now owns 99,529 shares of the company’s stock worth $5,656,000 after purchasing an additional 1,076 shares during the period. Hedge funds and other institutional investors own 65.86% of the company’s stock.

Monster Beverage Co. (NASDAQ MNST) opened at $63.90 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 $35,749.63, a price-to-earnings ratio of 43.12, a P/E/G ratio of 1.85 and a beta of 1.09.

In other Monster Beverage news, Chairman Rodney C. Sacks sold 62,386 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $64.53, for a total transaction of $4,025,768.58. Following the transaction, the chairman now owns 949,806 shares in the company, valued at $61,290,981.18. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Rodney C. Sacks sold 898 shares of the company’s stock in a transaction on 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 worth $17,179,867 in the last quarter. 9.40% of the stock is owned by corporate insiders.

A number of brokerages have recently issued reports on MNST. Jefferies Group restated a “buy” rating and issued a $64.00 price target on shares of Monster Beverage in a research report on Thursday, November 9th. BMO Capital Markets boosted their price target on shares of Monster Beverage to $71.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. Cowen restated a “buy” rating and issued a $77.00 price target on shares of Monster Beverage in a research report on Monday, January 22nd. Citigroup downgraded shares of Monster Beverage to a “neutral” rating and dropped their price target for the stock from $56.00 to $51.00 in a research report on Monday, November 20th. They noted that the move was a valuation call. Finally, Wells Fargo & Co boosted their price target on shares of Monster Beverage from $54.00 to $60.00 and gave the stock a “market perform” rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $64.41.

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Monster Beverage 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.

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

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