Monster Beverage Corporation $MNST Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 95.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 24,237 shares of the company’s stock after purchasing an additional 11,825 shares during the period. Jones Financial Companies Lllp’s holdings in Monster Beverage were worth $1,584,000 as of its most recent filing with the SEC.

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

Monster Beverage Trading Down 2.0%

MNST stock opened at $80.90 on Tuesday. The firm has a 50 day moving average of $77.62 and a 200-day moving average of $70.36. Monster Beverage Corporation has a 12-month low of $46.57 and a 12-month high of $83.24. The company has a market cap of $79.04 billion, a price-to-earnings ratio of 45.97, a PEG ratio of 2.14 and a beta of 0.45.

Insider Buying and Selling

In other news, Director Rodney C. Sacks sold 206,543 shares of the firm’s stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Emelie Tirre sold 30,000 shares of Monster Beverage stock in a transaction 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 transaction, the insider directly owned 63,939 shares of the company’s stock, valued at $4,687,368.09. This trade represents a 31.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 274,981 shares of company stock valued at $20,138,516. 7.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. BNP Paribas Exane raised shares of Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 price objective on the stock in a research note on Friday, January 16th. BMO Capital Markets reiterated a “market perform” rating and set a $73.00 price target (up from $53.00) on shares of Monster Beverage in a research note on Wednesday, December 3rd. UBS Group reissued a “neutral” rating and set a $84.00 price target (up from $75.00) on shares of Monster Beverage in a report on Wednesday, January 14th. The Goldman Sachs Group lifted their price objective on Monster Beverage from $80.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. increased their target price on Monster Beverage from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Fourteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Monster Beverage presently has a consensus rating of “Moderate Buy” and an average price target of $78.71.

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.