Arrowstreet Capital Limited Partnership bought a new stake in Monster Beverage Co. (NASDAQ:MNST) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,336,693 shares of the company’s stock, valued at approximately $84,599,000.
A number of other institutional investors have also added to or reduced their stakes in the business. Liberty Capital Management Inc. raised its stake in shares of Monster Beverage by 2,028.0% during the 3rd quarter. Liberty Capital Management Inc. now owns 2,128 shares of the company’s stock worth $120,000 after buying an additional 2,028 shares during the last quarter. Blue Sky Asset Management LLC acquired a new position in shares of Monster Beverage during the 4th quarter worth $123,000. Bessemer Group Inc. raised its stake in shares of Monster Beverage by 397.6% during the 3rd quarter. Bessemer Group Inc. now owns 2,682 shares of the company’s stock worth $148,000 after buying an additional 2,143 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of Monster Beverage during the 3rd quarter worth $169,000. Finally, Penserra Capital Management LLC acquired a new position in shares of Monster Beverage during the 3rd quarter worth $182,000. 65.26% of the stock is owned by institutional investors.
Shares of Monster Beverage Co. (NASDAQ:MNST) opened at $64.60 on Wednesday. The company has a market capitalization of $36,930.00, a PE ratio of 47.15, a P/E/G ratio of 1.92 and a beta of 1.09. Monster Beverage Co. has a 52-week low of $41.02 and a 52-week high of $70.21.
In other Monster Beverage news, Chairman Rodney C. Sacks sold 189,861 shares of Monster Beverage stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $63.92, for a total value of $12,135,915.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Rodney C. Sacks sold 898 shares of Monster Beverage stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $64.51, for a total value of $57,929.98. The disclosure for this sale can be found here. Insiders sold a total of 268,026 shares of company stock valued at $17,179,867 in the last 90 days. 9.40% of the stock is owned by company insiders.
WARNING: This report was reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://www.com-unik.info/2018/02/21/1336693-shares-in-monster-beverage-co-mnst-purchased-by-arrowstreet-capital-limited-partnership.html.
About Monster Beverage
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.
Want to see what other hedge funds are holding MNST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monster Beverage Co. (NASDAQ:MNST).
Receive News & Ratings for Monster Beverage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage and related companies with MarketBeat.com's FREE daily email newsletter.