Lecap Asset Management Ltd. acquired a new position in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 34,424 shares of the company's stock, valued at approximately $1,809,000.
Other large investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Monster Beverage by 62.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock valued at $28,000 after purchasing an additional 203 shares in the last quarter. Bleakley Financial Group LLC grew its position in Monster Beverage by 1.5% during the fourth quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company's stock worth $714,000 after buying an additional 203 shares during the period. CWA Asset Management Group LLC increased its holdings in Monster Beverage by 3.1% in the fourth quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company's stock valued at $367,000 after buying an additional 213 shares in the last quarter. Accretive Wealth Partners LLC lifted its position in shares of Monster Beverage by 1.3% during the 3rd quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company's stock valued at $930,000 after acquiring an additional 225 shares during the period. Finally, UMB Bank n.a. grew its holdings in shares of Monster Beverage by 20.6% in the 3rd quarter. UMB Bank n.a. now owns 1,412 shares of the company's stock worth $74,000 after acquiring an additional 241 shares during the period. Hedge funds and other institutional investors own 72.36% of the company's stock.
Analysts Set New Price Targets
MNST has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lowered their target price on Monster Beverage from $61.00 to $59.00 and set a "buy" rating on the stock in a report on Friday, November 8th. BNP Paribas dropped their target price on shares of Monster Beverage from $46.00 to $45.00 and set an "underperform" rating for the company in a report on Thursday, December 19th. Stifel Nicolaus lifted their target price on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $59.00 price target on shares of Monster Beverage in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. cut their price objective on Monster Beverage from $50.00 to $49.00 and set a "neutral" rating for the company in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, Monster Beverage has an average rating of "Hold" and an average price target of $55.42.
Check Out Our Latest Stock Analysis on MNST
Monster Beverage Trading Up 0.2 %
Shares of MNST traded up $0.09 during mid-day trading on Tuesday, reaching $47.90. The company had a trading volume of 1,517,830 shares, compared to its average volume of 6,317,195. The stock has a market cap of $46.58 billion, a price-to-earnings ratio of 30.72, a price-to-earnings-growth ratio of 1.96 and a beta of 0.74. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $50.70 and a 200-day simple moving average of $51.04. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22.
Insider Transactions at Monster Beverage
In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $52.65, for a total transaction of $526,500.00. Following the transaction, the chief financial officer now owns 74,924 shares in the company, valued at $3,944,748.60. The trade was a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 7.80% of the company's stock.
About Monster Beverage
(
Free Report)
Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.
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