Quent Capital LLC Has $73,000 Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Quent Capital LLC boosted its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 127.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,380 shares of the company’s stock after buying an additional 774 shares during the period. Quent Capital LLC’s holdings in Monster Beverage were worth $73,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Monster Beverage by 62.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock worth $28,000 after buying an additional 203 shares during the last quarter. Spire Wealth Management acquired a new position in Monster Beverage during the fourth quarter worth $29,000. Retirement Wealth Solutions LLC acquired a new position in Monster Beverage during the fourth quarter worth $30,000. Geneos Wealth Management Inc. bought a new stake in shares of Monster Beverage in the 4th quarter worth $33,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Monster Beverage by 16,085.7% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock worth $59,000 after acquiring an additional 1,126 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insiders Place Their Bets

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $52.65, for a total transaction of $526,500.00. Following the completion of the transaction, the chief financial officer now owns 74,924 shares in the company, valued at $3,944,748.60. This trade represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MNST shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $59.00 target price on shares of Monster Beverage in a research note on Wednesday, January 22nd. Wells Fargo & Company upped their target price on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 8th. BNP Paribas reduced their target price on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a research note on Thursday, December 19th. Finally, UBS Group reduced their target price on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Monster Beverage has a consensus rating of “Hold” and an average price target of $55.53.

Monster Beverage Price Performance

Shares of NASDAQ:MNST opened at $48.17 on Thursday. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $46.85 billion, a PE ratio of 30.88, a P/E/G ratio of 1.96 and a beta of 0.74. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22. The company has a 50-day moving average price of $50.58 and a two-hundred day moving average price of $51.02.

About Monster Beverage

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.