Wilmington Savings Fund Society FSB Lowers Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Wilmington Savings Fund Society FSB cut its holdings in Monster Beverage Co. (NASDAQ:MNST) by 5.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,585 shares of the company’s stock after selling 294 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Monster Beverage were worth $294,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Monster Beverage by 62.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock worth $28,000 after acquiring an additional 203 shares in the last quarter. Bleakley Financial Group LLC grew its position in shares of Monster Beverage by 1.5% in the fourth quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company’s stock valued at $714,000 after purchasing an additional 203 shares during the period. CWA Asset Management Group LLC increased its stake in shares of Monster Beverage by 3.1% during the fourth quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company’s stock worth $367,000 after purchasing an additional 213 shares in the last quarter. Accretive Wealth Partners LLC raised its position in shares of Monster Beverage by 1.3% during the 3rd quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company’s stock worth $930,000 after purchasing an additional 225 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Monster Beverage by 0.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 39,187 shares of the company’s stock valued at $2,045,000 after buying an additional 259 shares in the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 74,924 shares in the company, valued at approximately $3,944,748.60. This trade represents a 11.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 7.80% of the stock is owned by insiders.

Monster Beverage Price Performance

NASDAQ:MNST opened at $48.06 on Wednesday. The company has a market capitalization of $46.74 billion, a P/E ratio of 30.81, a P/E/G ratio of 1.96 and a beta of 0.74. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.22. The stock’s fifty day moving average is $50.70 and its two-hundred day moving average is $51.04.

Wall Street Analysts Forecast Growth

Several research firms have commented on MNST. Wells Fargo & Company boosted their price objective on Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Stifel Nicolaus boosted their price target on Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. UBS Group decreased their price objective on Monster Beverage from $57.00 to $53.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. BNP Paribas lowered their target price on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a research note on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $55.42.

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.