Monster Beverage Co. (MNST) Position Reduced by Logan Capital Management Inc.

Logan Capital Management Inc. trimmed its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 4.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 273,025 shares of the company’s stock after selling 11,959 shares during the period. Monster Beverage makes up about 1.2% of Logan Capital Management Inc.’s investment portfolio, making the stock its 28th largest position. Logan Capital Management Inc.’s holdings in Monster Beverage were worth $17,280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the stock. BlackRock Inc. grew its position in Monster Beverage by 0.9% during the fourth quarter. BlackRock Inc. now owns 22,739,399 shares of the company’s stock worth $1,439,179,000 after buying an additional 196,998 shares in the last quarter. Jennison Associates LLC grew its position in Monster Beverage by 8.9% during the fourth quarter. Jennison Associates LLC now owns 13,126,248 shares of the company’s stock worth $830,760,000 after buying an additional 1,072,773 shares in the last quarter. Bank of New York Mellon Corp grew its position in Monster Beverage by 2.9% during the fourth quarter. Bank of New York Mellon Corp now owns 6,307,457 shares of the company’s stock worth $399,200,000 after buying an additional 175,132 shares in the last quarter. American Century Companies Inc. grew its position in Monster Beverage by 1.5% during the third quarter. American Century Companies Inc. now owns 5,044,874 shares of the company’s stock worth $278,729,000 after buying an additional 75,928 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Monster Beverage by 4.3% during the fourth quarter. Wells Fargo & Company MN now owns 3,446,881 shares of the company’s stock worth $218,154,000 after purchasing an additional 140,785 shares during the last quarter. Institutional investors and hedge funds own 65.26% of the company’s stock.

In other news, Vice Chairman Hilton H. Schlosberg sold 13,983 shares of the business’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $64.53, for a total value of $902,322.99. Following the completion of the sale, the insider now owns 967,456 shares of the company’s stock, valued at approximately $62,429,935.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 disclosure for this sale can be found here. In the last three months, insiders sold 268,026 shares of company stock valued at $17,179,867. 9.40% of the stock is currently owned by corporate insiders.

Shares of Monster Beverage Co. (NASDAQ MNST) opened at $65.02 on Thursday. Monster Beverage Co. has a 52 week low of $41.02 and a 52 week high of $70.21. The firm has a market capitalization of $36,432.03, a PE ratio of 47.12, a PEG ratio of 1.89 and a beta of 1.09.

Several brokerages have issued reports on MNST. BidaskClub raised Monster Beverage from a “hold” rating to a “buy” rating in a research note on Thursday, January 25th. Cowen reaffirmed a “buy” rating and set a $77.00 price target on shares of Monster Beverage in a research note on Monday, January 22nd. BMO Capital Markets lifted their price target on Monster Beverage to $71.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. Zacks Investment Research raised Monster Beverage from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Friday, January 19th. Finally, Susquehanna Bancshares reaffirmed a “sell” rating and set a $56.00 price target on shares of Monster Beverage in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $64.41.

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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.

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

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