Secured Retirement Advisors LLC lowered its stake in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 59.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,635 shares of the company's stock after selling 12,777 shares during the period. Secured Retirement Advisors LLC's holdings in Monster Beverage were worth $454,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Monster Beverage by 62.5% in the fourth 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 during the last quarter. Spire Wealth Management acquired a new position in Monster Beverage during the fourth quarter worth about $29,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Monster Beverage in the fourth quarter valued at about $30,000. Geneos Wealth Management Inc. acquired a new stake in Monster Beverage during the 4th quarter valued at $33,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in Monster Beverage by 16,085.7% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company's stock worth $59,000 after purchasing an additional 1,126 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Monster Beverage
In other news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage 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 sale, the chief financial officer now directly owns 74,924 shares of the company's stock, valued at approximately $3,944,748.60. The trade was a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.80% of the stock is currently owned by corporate insiders.
Monster Beverage Stock Up 1.3 %
Shares of MNST stock traded up $0.64 on Wednesday, hitting $51.69. The stock had a trading volume of 6,564,683 shares, compared to its average volume of 6,294,852. The stock's 50 day moving average is $50.22 and its 200-day moving average is $50.95. The firm has a market capitalization of $50.27 billion, a price-to-earnings ratio of 33.13, a P/E/G ratio of 2.09 and a beta of 0.74. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on MNST. Argus upped their price objective on shares of Monster Beverage from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. cut their price objective on shares of Monster Beverage from $52.00 to $51.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. TD Cowen boosted their price objective on shares of Monster Beverage from $50.00 to $55.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Stifel Nicolaus upped their price objective on Monster Beverage from $57.00 to $59.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $59.00 target price on shares of Monster Beverage in a report on Wednesday, January 22nd. 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, the stock presently has an average rating of "Hold" and a consensus price target of $55.53.
Get Our Latest Report on MNST
Monster Beverage Profile
(
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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