Lmcg Investments LLC Sells 129,304 Shares of Monster Beverage Co. (NASDAQ:MNST)

Lmcg Investments LLC lowered its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 81.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,518 shares of the company’s stock after selling 129,304 shares during the quarter. Lmcg Investments LLC’s holdings in Monster Beverage were worth $1,499,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. acquired a new stake in Monster Beverage in the second quarter worth about $30,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Monster Beverage during the 4th quarter worth approximately $30,000. Quarry LP grew its position in shares of Monster Beverage by 152.0% during the 2nd quarter. Quarry LP now owns 824 shares of the company’s stock worth $41,000 after buying an additional 497 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Monster Beverage by 16,085.7% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock worth $59,000 after buying an additional 1,126 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Monster Beverage by 84.9% in the fourth quarter. Versant Capital Management Inc now owns 1,185 shares of the company’s stock valued at $62,000 after buying an additional 544 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on MNST shares. UBS Group dropped their target price on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. BNP Paribas dropped their price objective on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a report on Thursday, December 19th. Needham & Company LLC began coverage on Monster Beverage in a report on Friday, December 6th. They set a “hold” rating on the stock. Bank of America upped their price target on Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, TD Cowen lifted their price objective on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $55.47.

Monster Beverage Trading Down 0.4 %

NASDAQ MNST opened at $49.22 on Wednesday. The stock has a market capitalization of $47.87 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 2.09 and a beta of 0.74. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.22. The stock’s 50 day moving average price is $52.67 and its two-hundred day moving average price is $51.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13.

Insider Transactions at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction on Friday, December 13th. The shares were sold at an average price of $52.65, for a total value of $526,500.00. Following the sale, the chief financial officer now directly owns 74,924 shares in the company, valued at approximately $3,944,748.60. The trade was a 11.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 7.80% of the stock is currently owned by insiders.

Monster Beverage 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.