27,747 Shares in Monster Beverage Co. (MNST) Acquired by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in Monster Beverage Co. (NASDAQ:MNST) in the 4th quarter, Holdings Channel reports. The fund purchased 27,747 shares of the company’s stock, valued at approximately $1,756,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Skylands Capital LLC acquired a new position in Monster Beverage in the 3rd quarter valued at $276,000. Douglas Lane & Associates LLC raised its holdings in Monster Beverage by 31.1% in the 3rd quarter. Douglas Lane & Associates LLC now owns 8,005 shares of the company’s stock valued at $442,000 after acquiring an additional 1,900 shares during the last quarter. Rathbone Brothers plc raised its holdings in Monster Beverage by 21.2% in the 3rd quarter. Rathbone Brothers plc now owns 476,150 shares of the company’s stock valued at $26,307,000 after acquiring an additional 83,150 shares during the last quarter. Westpac Banking Corp raised its holdings in Monster Beverage by 15.6% in the 3rd quarter. Westpac Banking Corp now owns 28,018 shares of the company’s stock valued at $1,548,000 after acquiring an additional 3,778 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Monster Beverage by 1.0% during the 3rd quarter. Legal & General Group Plc now owns 1,908,956 shares of the company’s stock valued at $105,470,000 after buying an additional 19,059 shares during the period. Institutional investors own 65.26% of the company’s stock.

Shares of Monster Beverage Co. (MNST) opened at $65.48 on Tuesday. Monster Beverage Co. has a 12-month low of $41.02 and a 12-month high of $70.21. The firm has a market cap of $36,928.32, a price-to-earnings ratio of 47.45, a P/E/G ratio of 1.92 and a beta of 1.09.

In related news, Chairman Rodney C. Sacks sold 898 shares of the company’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $64.51, for a total transaction of $57,929.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Hilton H. Schlosberg sold 13,983 shares of the company’s 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 directly owns 967,456 shares of the company’s stock, valued at $62,429,935.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 268,026 shares of company stock valued at $17,179,867. 9.40% of the stock is owned by corporate insiders.

Several analysts have recently issued reports on MNST shares. Cowen reissued a “buy” rating and set a $58.00 price objective on shares of Monster Beverage in a research note on Friday, October 27th. BMO Capital Markets reissued a “buy” rating and set a $58.00 price objective on shares of Monster Beverage in a research note on Thursday, November 2nd. Jefferies Group reissued a “buy” rating and set a $64.00 price objective on shares of Monster Beverage in a research note on Thursday, November 9th. Stifel Nicolaus reissued a “buy” rating and set a $61.00 price objective (up from $57.00) on shares of Monster Beverage in a research note on Thursday, November 9th. Finally, Credit Suisse Group lowered their price objective on shares of Monster Beverage from $64.00 to $62.00 and set an “outperform” rating for the company in a research note on Thursday, November 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $64.41.

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Monster Beverage 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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