Baker Tilly Wealth Management LLC Buys 1,021 Shares of Monster Beverage Co. (NASDAQ:MNST)

Baker Tilly Wealth Management LLC lifted its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,455 shares of the company’s stock after acquiring an additional 1,021 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in Monster Beverage were worth $917,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. State Street Corp grew its stake in shares of Monster Beverage by 6.9% in the third quarter. State Street Corp now owns 33,742,390 shares of the company’s stock worth $1,760,341,000 after purchasing an additional 2,168,379 shares during the last quarter. Loomis Sayles & Co. L P lifted its holdings in Monster Beverage by 4.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock worth $1,416,048,000 after buying an additional 1,229,789 shares during the period. Janus Henderson Group PLC grew its position in shares of Monster Beverage by 109.3% in the 3rd quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock valued at $1,176,913,000 after buying an additional 11,779,162 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Monster Beverage by 3.1% in the third quarter. Geode Capital Management LLC now owns 15,728,086 shares of the company’s stock valued at $817,490,000 after buying an additional 473,418 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Monster Beverage by 18.1% during the third quarter. Wellington Management Group LLP now owns 3,898,127 shares of the company’s stock worth $203,365,000 after acquiring an additional 596,078 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Stock Down 2.4 %

MNST stock traded down $1.26 during mid-day trading on Friday, reaching $50.34. 891,970 shares of the company traded hands, compared to its average volume of 3,316,031. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average price is $53.31 and its 200 day moving average price is $51.26. The stock has a market cap of $48.96 billion, a price-to-earnings ratio of 32.27, a P/E/G ratio of 2.52 and a beta of 0.74.

Analyst Ratings Changes

MNST has been the subject of a number of recent analyst reports. TD Cowen increased their target price on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, November 11th. BNP Paribas lowered their target price on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a research note on Thursday, December 19th. Needham & Company LLC began coverage on shares of Monster Beverage in a research report on Friday, December 6th. They set a “hold” rating on the stock. Wells Fargo & Company lifted their price objective on Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $56.30.

Insiders Place Their Bets

In related news, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $52.65, for a total value of $526,500.00. Following the transaction, the chief financial officer now directly owns 74,924 shares of the company’s stock, 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 can be accessed through this hyperlink. Insiders own 7.80% of the company’s stock.

About Monster Beverage

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.