Bank of The West decreased its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 8.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 80,759 shares of the company’s stock after selling 7,594 shares during the period. Bank of The West’s holdings in Monster Beverage were worth $5,111,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MNST. Liberty Capital Management Inc. lifted its holdings in Monster Beverage by 2,028.0% during the 3rd quarter. Liberty Capital Management Inc. now owns 2,128 shares of the company’s stock worth $120,000 after purchasing an additional 2,028 shares in the last quarter. Blue Sky Asset Management LLC purchased a new stake in Monster Beverage during the 4th quarter worth about $123,000. Bessemer Group Inc. lifted its holdings in Monster Beverage by 397.6% during the 3rd quarter. Bessemer Group Inc. now owns 2,682 shares of the company’s stock worth $148,000 after purchasing an additional 2,143 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in Monster Beverage during the 3rd quarter worth about $169,000. Finally, Penserra Capital Management LLC purchased a new stake in Monster Beverage during the 3rd quarter worth about $182,000. 66.04% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Co. (NASDAQ MNST) opened at $64.21 on Wednesday. The firm has a market capitalization of $36,010.00, a PE ratio of 46.87, a price-to-earnings-growth ratio of 1.91 and a beta of 1.09. Monster Beverage Co. has a one year low of $41.02 and a one year high of $70.21.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Wednesday, November 8th. The company reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. The business had revenue of $909.50 million for the quarter, compared to analyst estimates of $903.82 million. Monster Beverage had a return on equity of 23.45% and a net margin of 23.92%. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 EPS. equities analysts forecast that Monster Beverage Co. will post 1.48 EPS for the current year.

A number of analysts recently issued reports on the company. BidaskClub raised Monster Beverage from a “hold” rating to a “buy” rating in a report on Thursday, January 25th. 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. BMO Capital Markets increased their price objective on Monster Beverage to $71.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Susquehanna Bancshares set a $51.00 price objective on Monster Beverage and gave the stock a “sell” rating in a report on Monday, November 20th. Finally, UBS Group cut Monster Beverage to a “neutral” rating in a report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Monster Beverage has an average rating of “Buy” and an average target price of $64.41.

In other news, Vice Chairman Hilton H. Schlosberg sold 13,983 shares of the stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $64.53, for a total transaction of $902,322.99. Following the transaction, the insider now directly owns 967,456 shares in the company, valued at approximately $62,429,935.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Rodney C. Sacks sold 189,861 shares of the stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $63.92, for a total value of $12,135,915.12. The disclosure for this sale can be found here. Insiders sold a total of 268,026 shares of company stock worth $17,179,867 over the last 90 days. Corporate insiders own 9.40% of the company’s stock.

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Monster Beverage Company 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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