APG Asset Management N.V. grew its position in Monster Beverage Co. (NASDAQ:MNST) by 32.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 683,203 shares of the company’s stock after buying an additional 168,400 shares during the quarter. APG Asset Management N.V. owned 0.12% of Monster Beverage worth $36,009,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the business. Boston Advisors LLC lifted its holdings in shares of Monster Beverage by 5.2% in the 4th quarter. Boston Advisors LLC now owns 506,455 shares of the company’s stock worth $32,054,000 after buying an additional 25,197 shares during the period. WoodTrust Financial Corp purchased a new stake in shares of Monster Beverage during the 4th quarter worth $228,000. Hennessy Advisors Inc. purchased a new stake in Monster Beverage in the fourth quarter valued at about $600,000. Cim LLC raised its stake in Monster Beverage by 5.6% in the fourth quarter. Cim LLC now owns 175,012 shares of the company’s stock valued at $11,077,000 after buying an additional 9,314 shares during the last quarter. Finally, Eastern Bank raised its stake in Monster Beverage by 0.4% in the fourth quarter. Eastern Bank now owns 189,711 shares of the company’s stock valued at $12,007,000 after buying an additional 845 shares during the last quarter. Institutional investors and hedge funds own 65.86% of the company’s stock.
A number of equities research analysts have commented on the company. Susquehanna Bancshares set a $51.00 price target on Monster Beverage and gave the company a “sell” rating in a research note on Monday, November 20th. Zacks Investment Research raised Monster Beverage from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Friday, January 19th. UBS Group lowered Monster Beverage to a “neutral” rating in a report on Monday, November 20th. BMO Capital Markets raised their target price on Monster Beverage to $71.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Finally, BidaskClub raised Monster Beverage from a “hold” rating to a “buy” rating in a report on Thursday, January 25th. 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 given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $64.41.
In other news, Chairman Rodney C. Sacks sold 189,861 shares of the business’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $63.92, for a total value of $12,135,915.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Rodney C. Sacks sold 62,386 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $64.53, for a total value of $4,025,768.58. Following the completion of the sale, the chairman now directly owns 949,806 shares of the company’s stock, valued at $61,290,981.18. The disclosure for this sale can be found here. Insiders have sold a total of 268,026 shares of company stock valued at $17,179,867 over the last three months. 9.40% of the stock is currently owned by insiders.
Monster Beverage Co. (NASDAQ:MNST) opened at $64.08 on Tuesday. Monster Beverage Co. has a one year low of $41.02 and a one year high of $70.21. The company has a market capitalization of $35,470.00, a price-to-earnings ratio of 46.77, a P/E/G ratio of 1.84 and a beta of 1.09.
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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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