State of Wisconsin Investment Board Sells 118,451 Shares of Monster Beverage Co. (MNST)

State of Wisconsin Investment Board reduced its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 13.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 742,147 shares of the company’s stock after selling 118,451 shares during the period. State of Wisconsin Investment Board owned about 0.13% of Monster Beverage worth $46,970,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of MNST. Dimensional Fund Advisors LP boosted its stake in shares of Monster Beverage by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 959,733 shares of the company’s stock worth $47,681,000 after buying an additional 4,627 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Monster Beverage by 35.4% in the 2nd quarter. Janus Henderson Group PLC now owns 74,273 shares of the company’s stock worth $3,690,000 after buying an additional 19,413 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Monster Beverage in the 2nd quarter worth approximately $11,992,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Monster Beverage in the 3rd quarter worth approximately $288,000. Finally, Mutual of America Capital Management LLC boosted its stake in shares of Monster Beverage by 3.2% in the 3rd quarter. Mutual of America Capital Management LLC now owns 51,175 shares of the company’s stock worth $2,827,000 after buying an additional 1,584 shares during the last quarter. 65.86% of the stock is owned by hedge funds and other institutional investors.

MNST has been the topic of a number of research analyst reports. Cowen restated a “buy” rating and issued a $58.00 target price on shares of Monster Beverage in a research note on Friday, October 27th. BMO Capital Markets restated a “buy” rating and issued a $58.00 target price on shares of Monster Beverage in a research note on Thursday, November 2nd. Jefferies Group restated a “buy” rating and issued a $64.00 target price on shares of Monster Beverage in a research note on Thursday, November 9th. Stifel Nicolaus restated a “buy” rating and issued a $61.00 target price (up previously from $57.00) on shares of Monster Beverage in a research note on Thursday, November 9th. Finally, Credit Suisse Group cut their target price on Monster Beverage from $64.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $64.41.

In other Monster Beverage news, Vice Chairman Hilton H. Schlosberg sold 13,983 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $64.53, for a total transaction of $902,322.99. Following the sale, the insider now owns 967,456 shares in the company, valued at $62,429,935.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Rodney C. Sacks sold 189,861 shares of the stock in a transaction on Tuesday, December 26th. The stock was 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. In the last quarter, insiders sold 268,026 shares of company stock worth $17,179,867. 9.40% of the stock is owned by company insiders.

Monster Beverage Co. (NASDAQ:MNST) opened at $65.48 on Friday. Monster Beverage Co. has a 12 month low of $41.02 and a 12 month high of $70.21. The company has a market capitalization of $37,001.63, a P/E ratio of 47.45, a P/E/G ratio of 1.92 and a beta of 1.09.

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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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