Monster Beverage Corporation $MNST Shares Sold by Aberdeen Group plc

Aberdeen Group plc cut its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 2.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 521,007 shares of the company’s stock after selling 13,218 shares during the period. Aberdeen Group plc owned about 0.05% of Monster Beverage worth $35,069,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Access Investment Management LLC purchased a new position in Monster Beverage in the 2nd quarter valued at about $25,000. Physician Wealth Advisors Inc. raised its holdings in shares of Monster Beverage by 508.1% during the third quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock valued at $25,000 after acquiring an additional 315 shares during the last quarter. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Monster Beverage in the third quarter valued at approximately $27,000. Salomon & Ludwin LLC purchased a new position in shares of Monster Beverage in the second quarter valued at approximately $28,000. Finally, Newbridge Financial Services Group Inc. boosted its stake in shares of Monster Beverage by 1,338.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after acquiring an additional 415 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Stock Up 0.4%

Shares of NASDAQ MNST opened at $81.48 on Tuesday. The firm has a market cap of $79.61 billion, a price-to-earnings ratio of 46.30, a PEG ratio of 2.12 and a beta of 0.45. Monster Beverage Corporation has a 52-week low of $48.95 and a 52-week high of $83.24. The business’s 50 day moving average is $78.32 and its two-hundred day moving average is $71.09.

Wall Street Analyst Weigh In

MNST has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating and issued a $79.00 price objective on shares of Monster Beverage in a research note on Tuesday, November 4th. Wells Fargo & Company reiterated an “overweight” rating and issued a $86.00 target price (up from $83.00) on shares of Monster Beverage in a research report on Monday, January 5th. TD Cowen restated a “hold” rating on shares of Monster Beverage in a research report on Thursday, January 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Monster Beverage in a research note on Monday, December 29th. Finally, UBS Group reissued a “neutral” rating and issued a $84.00 target price (up from $75.00) on shares of Monster Beverage in a research note on Wednesday, January 14th. Fourteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.90.

Insider Buying and Selling

In other Monster Beverage news, Director Rodney C. Sacks sold 206,543 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $73.58, for a total value of $15,197,433.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Emelie Tirre sold 30,000 shares of Monster Beverage stock in a transaction on Friday, December 12th. The shares were sold at an average price of $73.31, for a total value of $2,199,300.00. Following the completion of the transaction, the insider owned 63,939 shares of the company’s stock, valued at approximately $4,687,368.09. This trade represents a 31.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 7.80% of the stock is owned by corporate insiders.

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.