Czech National Bank Purchases 8,150 Shares of Monster Beverage Co. (NASDAQ:MNST)

Czech National Bank boosted its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 5.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 151,821 shares of the company’s stock after purchasing an additional 8,150 shares during the quarter. Czech National Bank’s holdings in Monster Beverage were worth $7,980,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Janus Henderson Group PLC grew its holdings in shares of Monster Beverage by 109.3% during the third 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. Assenagon Asset Management S.A. boosted its stake in Monster Beverage by 1,148.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,596,888 shares of the company’s stock valued at $135,480,000 after purchasing an additional 2,388,798 shares during the last quarter. State Street Corp increased its holdings in shares of Monster Beverage by 6.9% in the 3rd 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 in the last quarter. Holocene Advisors LP bought a new stake in shares of Monster Beverage in the 3rd quarter worth $73,600,000. Finally, Loomis Sayles & Co. L P raised its stake in shares of Monster Beverage by 4.7% in the third quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock worth $1,416,048,000 after purchasing an additional 1,229,789 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Thomas J. Kelly sold 10,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 74,924 shares of the company’s stock, valued at approximately $3,944,748.60. This represents a 11.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

MNST has been the topic of several recent analyst reports. 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 report on Friday, November 8th. Bank of America lifted their price target on shares of Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. UBS Group increased their price objective on shares of Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Argus raised their target price on shares of Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, TD Cowen boosted their target price on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Monster Beverage has a consensus rating of “Moderate Buy” and a consensus price target of $56.30.

Monster Beverage Price Performance

NASDAQ MNST opened at $50.10 on Wednesday. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.22. The stock has a market cap of $48.72 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 2.52 and a beta of 0.74. The company’s 50 day moving average is $53.10 and its two-hundred day moving average is $51.27. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13.

Monster Beverage Profile

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.