Atria Investments Inc Decreases Holdings in Monster Beverage Corporation $MNST

Atria Investments Inc trimmed its stake in Monster Beverage Corporation (NASDAQ:MNST) by 5.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 177,149 shares of the company’s stock after selling 11,056 shares during the quarter. Atria Investments Inc’s holdings in Monster Beverage were worth $11,924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of MNST. Illinois Municipal Retirement Fund lifted its stake in Monster Beverage by 1.3% in the third quarter. Illinois Municipal Retirement Fund now owns 409,818 shares of the company’s stock valued at $27,585,000 after purchasing an additional 5,252 shares during the last quarter. Savvy Advisors Inc. lifted its position in shares of Monster Beverage by 108.9% during the 3rd quarter. Savvy Advisors Inc. now owns 10,292 shares of the company’s stock valued at $693,000 after buying an additional 5,365 shares during the last quarter. Cibc World Market Inc. grew its stake in shares of Monster Beverage by 293.5% during the 3rd quarter. Cibc World Market Inc. now owns 201,872 shares of the company’s stock worth $13,588,000 after acquiring an additional 150,568 shares during the period. Caprock Group LLC bought a new position in shares of Monster Beverage during the 3rd quarter worth $3,060,000. Finally, Krilogy Financial LLC purchased a new stake in Monster Beverage in the 3rd quarter worth about $483,000. 72.36% of the stock is owned by institutional investors.

Monster Beverage Stock Up 0.5%

Shares of NASDAQ MNST opened at $81.17 on Friday. The stock’s 50-day simple moving average is $78.02 and its two-hundred day simple moving average is $70.65. Monster Beverage Corporation has a twelve month low of $48.39 and a twelve month high of $83.24. The firm has a market capitalization of $79.30 billion, a P/E ratio of 46.12, a P/E/G ratio of 2.10 and a beta of 0.45.

Insider Activity at Monster Beverage

In related news, insider Emelie Tirre sold 30,000 shares of the firm’s stock in a transaction that occurred 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Rodney C. Sacks sold 206,543 shares of Monster Beverage stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $73.58, for a total transaction of $15,197,433.94. Additional details regarding this sale are available in the official SEC disclosure. 8.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MNST. Royal Bank Of Canada reiterated an “outperform” rating and set a $81.00 target price (up previously from $75.00) on shares of Monster Beverage in a research report on Monday, December 1st. Evercore raised their price objective on shares of Monster Beverage from $72.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. UBS Group reissued a “neutral” rating and set a $84.00 target price (up previously from $75.00) on shares of Monster Beverage in a report on Wednesday, January 14th. Stifel Nicolaus set a $82.00 price target on Monster Beverage and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $86.00 price target (up from $83.00) on shares of Monster Beverage in a research report on Monday, January 5th. Fourteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Monster Beverage has an average rating of “Moderate Buy” and an average target price of $78.90.

Monster Beverage Company Profile

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.