7,120 Shares in Monster Beverage Corporation $MNST Acquired by Krilogy Financial LLC

Krilogy Financial LLC acquired a new stake in shares of Monster Beverage Corporation (NASDAQ:MNST) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,120 shares of the company’s stock, valued at approximately $483,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Monster Beverage by 0.9% during the second quarter. Vanguard Group Inc. now owns 65,360,899 shares of the company’s stock worth $4,094,207,000 after acquiring an additional 574,275 shares in the last quarter. State Street Corp lifted its holdings in shares of Monster Beverage by 2.6% during the 2nd quarter. State Street Corp now owns 34,929,818 shares of the company’s stock valued at $2,188,004,000 after buying an additional 900,479 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in shares of Monster Beverage by 1.5% in the 2nd quarter. Loomis Sayles & Co. L P now owns 26,450,305 shares of the company’s stock valued at $1,656,847,000 after buying an additional 385,692 shares in the last quarter. Geode Capital Management LLC increased its holdings in Monster Beverage by 4.1% in the second quarter. Geode Capital Management LLC now owns 18,680,424 shares of the company’s stock worth $1,165,292,000 after buying an additional 742,518 shares during the last quarter. Finally, Invesco Ltd. raised its position in Monster Beverage by 20.0% during the second quarter. Invesco Ltd. now owns 10,983,411 shares of the company’s stock valued at $688,001,000 after acquiring an additional 1,829,064 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on MNST. The Goldman Sachs Group boosted their target price on shares of Monster Beverage from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Monster Beverage in a report on Monday, December 29th. Citigroup reissued a “buy” rating and set a $90.00 price objective (up previously from $87.00) on shares of Monster Beverage in a report on Wednesday, January 14th. Royal Bank Of Canada restated an “outperform” rating and issued a $81.00 target price (up from $75.00) on shares of Monster Beverage in a report on Monday, December 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Monster Beverage from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Fourteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Monster Beverage currently has a consensus rating of “Moderate Buy” and an average target price of $78.90.

Insider Transactions at Monster Beverage

In other Monster Beverage news, Director Rodney C. Sacks sold 206,543 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $73.58, for a total value of $15,197,433.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Emelie Tirre sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $73.31, for a total value of $2,199,300.00. Following the completion of the sale, the insider owned 63,939 shares of the company’s stock, valued at $4,687,368.09. This represents a 31.94% decrease in their position. The SEC filing for this sale provides additional information. 8.30% of the stock is owned by company insiders.

Monster Beverage Stock Up 0.4%

Shares of MNST stock opened at $81.48 on Friday. Monster Beverage Corporation has a 12 month low of $48.95 and a 12 month high of $83.24. The firm has a market cap of $79.61 billion, a PE ratio of 46.30, a price-to-earnings-growth ratio of 2.12 and a beta of 0.45. The stock has a 50 day moving average of $78.17 and a 200-day moving average of $70.86.

About Monster Beverage

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.