UBS Asset Management Americas Inc. Increases Holdings in Monster Beverage Co. (MNST)

UBS Asset Management Americas Inc. raised its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,188,896 shares of the company’s stock after purchasing an additional 19,452 shares during the period. UBS Asset Management Americas Inc.’s holdings in Monster Beverage were worth $75,245,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Sky Asset Management LLC bought a new position in Monster Beverage during the fourth quarter valued at $123,000. Liberty Capital Management Inc. grew its holdings in Monster Beverage by 2,028.0% during the third quarter. Liberty Capital Management Inc. now owns 2,128 shares of the company’s stock valued at $120,000 after purchasing an additional 2,028 shares during the period. Bessemer Group Inc. grew its holdings in Monster Beverage by 397.6% during the third quarter. Bessemer Group Inc. now owns 2,682 shares of the company’s stock valued at $148,000 after purchasing an additional 2,143 shares during the period. Valeo Financial Advisors LLC bought a new position in Monster Beverage during the third quarter valued at $169,000. Finally, Penserra Capital Management LLC bought a new position in Monster Beverage during the third quarter valued at $182,000. 65.26% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Co. (MNST) opened at $64.93 on Friday. Monster Beverage Co. has a twelve month low of $41.02 and a twelve month high of $70.21. The company has a market capitalization of $36,668.89, a price-to-earnings ratio of 47.05, a PEG ratio of 1.90 and a beta of 1.09.

In related news, Chairman Rodney C. Sacks sold 62,386 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $64.53, for a total value of $4,025,768.58. Following the sale, the chairman now owns 949,806 shares in the company, valued at $61,290,981.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Hilton H. Schlosberg sold 13,983 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $64.53, for a total value 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 disclosure for this sale can be found here. Insiders sold 268,026 shares of company stock valued at $17,179,867 over the last ninety days. Corporate insiders own 9.40% of the company’s stock.

Several equities analysts have weighed in on MNST shares. Stifel Nicolaus reissued a “buy” rating and set a $61.00 price objective (up from $57.00) on shares of Monster Beverage in a report on Thursday, November 9th. Jefferies Group reissued a “buy” rating and set a $64.00 price objective on shares of Monster Beverage in a report on Thursday, November 9th. BMO Capital Markets reissued a “buy” rating and set a $58.00 price objective on shares of Monster Beverage in a report on Thursday, November 2nd. Cowen reissued a “buy” rating and set a $58.00 price objective on shares of Monster Beverage in a report on Friday, October 27th. Finally, Citigroup increased their price objective on Monster Beverage from $60.00 to $66.00 and gave the company a “buy” rating in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $64.41.

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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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Institutional Ownership by Quarter for Monster Beverage (NASDAQ:MNST)

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