Tower Research Capital LLC TRC Has $957,000 Position in Monster Beverage Co. (MNST)

Tower Research Capital LLC TRC boosted its holdings in Monster Beverage Co. (NASDAQ:MNST) by 285.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,115 shares of the company’s stock after purchasing an additional 11,191 shares during the period. Tower Research Capital LLC TRC’s holdings in Monster Beverage were worth $957,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. LS Investment Advisors LLC grew its position in shares of Monster Beverage by 7.3% in the 4th quarter. LS Investment Advisors LLC now owns 12,012 shares of the company’s stock valued at $760,000 after acquiring an additional 822 shares during the period. Eastern Bank grew its position in shares of Monster Beverage by 0.4% in the 4th quarter. Eastern Bank now owns 189,711 shares of the company’s stock valued at $12,007,000 after acquiring an additional 845 shares during the period. Harbour Capital Advisors LLC grew its position in shares of Monster Beverage by 4.3% in the 4th quarter. Harbour Capital Advisors LLC now owns 20,610 shares of the company’s stock valued at $1,304,000 after acquiring an additional 855 shares during the period. Saturna Capital CORP grew its position in shares of Monster Beverage by 3.0% in the 3rd quarter. Saturna Capital CORP now owns 31,100 shares of the company’s stock valued at $1,718,000 after acquiring an additional 900 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of Monster Beverage by 11.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 8,626 shares of the company’s stock valued at $477,000 after acquiring an additional 914 shares during the period. 65.26% of the stock is owned by institutional investors and hedge funds.

In other news, Vice Chairman Hilton H. Schlosberg sold 13,983 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $64.53, for a total transaction of $902,322.99. Following the completion of the sale, the insider now owns 967,456 shares in the company, valued at approximately $62,429,935.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Rodney C. Sacks sold 898 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $64.51, for a total transaction of $57,929.98. The disclosure for this sale can be found here. In the last 90 days, insiders have 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. (MNST) opened at $65.48 on Monday. The stock has a market cap of $36,928.32, a PE ratio of 47.45, a PEG ratio of 1.92 and a beta of 1.09. Monster Beverage Co. has a 12 month low of $41.02 and a 12 month high of $70.21.

A number of research analysts have recently commented on MNST shares. BMO Capital Markets reissued a “buy” rating and issued a $58.00 price objective on shares of Monster Beverage in a research report on Thursday, November 2nd. Susquehanna Bancshares downgraded shares of Monster Beverage from a “neutral” rating to a “negative” rating and set a $51.00 price objective for the company. in a research report on Monday, November 20th. Jefferies Group reissued a “buy” rating and issued a $64.00 price objective on shares of Monster Beverage in a research report on Thursday, November 9th. Stifel Nicolaus reissued a “buy” rating and issued a $73.00 price objective (up previously from $61.00) on shares of Monster Beverage in a research report on Tuesday, January 16th. Finally, Cowen reissued an “outperform” rating and issued a $67.00 price objective (up previously from $58.00) on shares of Monster Beverage in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $64.41.

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About Monster Beverage

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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