Everpar Advisors LLC Increases Position in Monster Beverage Co. (NASDAQ:MNST)

Everpar Advisors LLC lifted its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 11.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,358 shares of the company’s stock after buying an additional 449 shares during the quarter. Everpar Advisors LLC’s holdings in Monster Beverage were worth $229,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. CWA Asset Management Group LLC grew its holdings in Monster Beverage by 3.1% during the 4th 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 stake in Monster Beverage by 1.3% in the 3rd quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company’s stock worth $930,000 after purchasing an additional 225 shares in the last quarter. Ieq Capital LLC boosted its holdings in shares of Monster Beverage by 0.3% during the 2nd quarter. Ieq Capital LLC now owns 68,735 shares of the company’s stock valued at $3,433,000 after purchasing an additional 232 shares during the last quarter. UMB Bank n.a. grew its position in shares of Monster Beverage by 20.6% during the third quarter. UMB Bank n.a. now owns 1,412 shares of the company’s stock valued at $74,000 after purchasing an additional 241 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Monster Beverage by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 39,187 shares of the company’s stock worth $2,045,000 after purchasing an additional 259 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

MNST opened at $49.42 on Friday. The business has a fifty day moving average of $52.89 and a 200 day moving average of $51.25. The stock has a market cap of $48.06 billion, a P/E ratio of 31.68, a PEG ratio of 2.10 and a beta of 0.74. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22.

Analysts Set New Price Targets

A number of equities analysts recently commented on MNST shares. Deutsche Bank Aktiengesellschaft dropped their price target on Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Wells Fargo & Company raised their target price on shares of Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Argus boosted their price target on shares of Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Bank of America increased their price objective on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, UBS Group reduced their target price on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Monster Beverage currently has a consensus rating of “Hold” and an average target price of $55.47.

Insider Transactions at Monster Beverage

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

Monster Beverage Profile

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.