Cumberland Partners Ltd Boosts Stock Holdings in Monster Beverage Corporation $MNST

Cumberland Partners Ltd lifted its stake in Monster Beverage Corporation (NASDAQ:MNST) by 289.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,782 shares of the company’s stock after purchasing an additional 35,500 shares during the period. Cumberland Partners Ltd’s holdings in Monster Beverage were worth $3,216,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MNST. Armstrong Advisory Group Inc. grew its position in shares of Monster Beverage by 49.0% during the third quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company’s stock worth $30,000 after buying an additional 146 shares in the last quarter. D.A. Davidson & CO. lifted its stake in Monster Beverage by 4.1% in the third quarter. D.A. Davidson & CO. now owns 3,930 shares of the company’s stock worth $265,000 after acquiring an additional 155 shares during the last quarter. Premier Path Wealth Partners LLC grew its holdings in Monster Beverage by 3.2% during the 3rd quarter. Premier Path Wealth Partners LLC now owns 5,246 shares of the company’s stock worth $353,000 after acquiring an additional 161 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Monster Beverage by 13.4% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,490 shares of the company’s stock valued at $93,000 after purchasing an additional 176 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its position in shares of Monster Beverage by 2.9% during the 2nd quarter. Rehmann Capital Advisory Group now owns 6,704 shares of the company’s stock worth $420,000 after purchasing an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on MNST shares. Roth Mkm restated a “neutral” rating and issued a $70.00 price target on shares of Monster Beverage in a research note on Wednesday, December 3rd. BNP Paribas Exane raised Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 price target for the company in a report on Friday, January 16th. UBS Group reissued a “neutral” rating and set a $84.00 price objective (up previously from $75.00) on shares of Monster Beverage in a report on Wednesday, January 14th. Citigroup restated a “buy” rating and set a $90.00 price objective (up previously from $87.00) on shares of Monster Beverage in a research report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. increased their target price on shares of Monster Beverage from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Fourteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the 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 Trading Up 0.3%

Shares of MNST opened at $83.18 on Thursday. The company’s 50 day simple moving average is $78.70 and its 200-day simple moving average is $71.34. Monster Beverage Corporation has a 12-month low of $50.93 and a 12-month high of $83.91. The firm has a market cap of $81.27 billion, a PE ratio of 47.26, a price-to-earnings-growth ratio of 2.15 and a beta of 0.45.

Insider Transactions at Monster Beverage

In other news, insider Emelie Tirre sold 30,000 shares of the business’s stock in a transaction that occurred 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 owned 63,939 shares of the company’s stock, valued at approximately $4,687,368.09. The trade was a 31.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rodney C. Sacks sold 206,543 shares of the 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 disclosure for this sale is available in the SEC filing. 8.30% of the stock is currently owned by corporate insiders.

Monster Beverage 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.