Atria Wealth Solutions Inc. Has $655,000 Position in Monster Beverage Co. (NASDAQ:MNST)

Atria Wealth Solutions Inc. lifted its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 22.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,454 shares of the company’s stock after purchasing an additional 2,317 shares during the period. Atria Wealth Solutions Inc.’s holdings in Monster Beverage were worth $655,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Janus Henderson Group PLC raised its stake in shares of Monster Beverage by 109.3% in the third quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock worth $1,176,913,000 after acquiring an additional 11,779,162 shares during the last quarter. Montrusco Bolton Investments Inc. grew its position in shares of Monster Beverage by 250.9% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 3,468,660 shares of the company’s stock worth $178,801,000 after buying an additional 2,480,291 shares during the period. State Street Corp raised its stake in shares of Monster Beverage by 6.9% during the third quarter. State Street Corp now owns 33,742,390 shares of the company’s stock worth $1,760,341,000 after buying an additional 2,168,379 shares during the last quarter. Holocene Advisors LP acquired a new position in Monster Beverage in the third quarter valued at approximately $73,600,000. Finally, Loomis Sayles & Co. L P boosted its stake in 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 valued at $1,416,048,000 after acquiring an additional 1,229,789 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on MNST. Stifel Nicolaus increased their price target on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Needham & Company LLC started coverage on Monster Beverage in a report on Friday, December 6th. They set a “hold” rating on the stock. Argus upped their price target on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada reissued an “outperform” rating and set a $59.00 price objective on shares of Monster Beverage in a research note on Wednesday, January 22nd. Finally, TD Cowen upped 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 equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $55.53.

Monster Beverage Stock Performance

NASDAQ:MNST opened at $52.13 on Wednesday. The stock has a 50 day simple moving average of $50.19 and a 200 day simple moving average of $51.07. The stock has a market cap of $50.70 billion, a P/E ratio of 33.42, a PEG ratio of 2.28 and a beta of 0.74. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13.

Insider Activity

In other news, CFO Thomas J. Kelly sold 10,000 shares of the business’s 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 transaction, the chief financial officer now directly owns 74,924 shares in the company, valued at approximately $3,944,748.60. The trade was a 11.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.80% of the stock is currently owned by company insiders.

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.