Quent Capital LLC Has $40,000 Position in Monster Beverage Co. (NASDAQ:MNST)

Quent Capital LLC lessened its stake in Monster Beverage Co. (NASDAQ:MNST) by 29.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 808 shares of the company’s stock after selling 334 shares during the period. Quent Capital LLC’s holdings in Monster Beverage were worth $40,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MNST. LRI Investments LLC bought a new stake in Monster Beverage in the first quarter valued at approximately $26,000. ICA Group Wealth Management LLC bought a new stake in shares of Monster Beverage in the 4th quarter valued at $27,000. Tortoise Investment Management LLC increased its position in shares of Monster Beverage by 360.0% during the fourth quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock worth $29,000 after buying an additional 396 shares during the period. Crewe Advisors LLC bought a new position in Monster Beverage during the first quarter worth $37,000. Finally, Rise Advisors LLC lifted its holdings in Monster Beverage by 187.6% in the first quarter. Rise Advisors LLC now owns 716 shares of the company’s stock valued at $42,000 after buying an additional 467 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Transactions at Monster Beverage

In other Monster Beverage news, CEO Hilton H. Schlosberg sold 42,144 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $53.00, for a total value of $2,233,632.00. Following the completion of the sale, the chief executive officer now owns 1,875,558 shares in the company, valued at approximately $99,404,574. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Mark J. Hall sold 250,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $52.22, for a total value of $13,055,000.00. Following the transaction, the director now directly owns 532,754 shares of the company’s stock, valued at approximately $27,820,413.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Hilton H. Schlosberg sold 42,144 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $53.00, for a total transaction of $2,233,632.00. Following the transaction, the chief executive officer now owns 1,875,558 shares of the company’s stock, valued at approximately $99,404,574. The disclosure for this sale can be found here. Insiders sold a total of 307,221 shares of company stock worth $16,070,374 in the last quarter. 7.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on MNST. JPMorgan Chase & Co. lowered their price objective on Monster Beverage from $59.00 to $56.00 and set a “neutral” rating for the company in a research report on Tuesday, July 23rd. Wells Fargo & Company lowered their target price on Monster Beverage from $65.00 to $59.00 and set an “overweight” rating for the company in a report on Tuesday, June 25th. UBS Group cut their price target on Monster Beverage from $61.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $64.00 price objective on shares of Monster Beverage in a research note on Monday, July 1st. Finally, Citigroup dropped their target price on shares of Monster Beverage from $69.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Monster Beverage has an average rating of “Hold” and a consensus price target of $59.33.

Monster Beverage Stock Up 1.3 %

NASDAQ MNST traded up $0.65 on Wednesday, reaching $51.45. The company had a trading volume of 949,045 shares, compared to its average volume of 7,224,942. The company’s fifty day moving average is $50.41 and its 200 day moving average is $54.00. Monster Beverage Co. has a 52-week low of $47.13 and a 52-week high of $61.22. The stock has a market capitalization of $53.60 billion, a P/E ratio of 31.95, a P/E/G ratio of 2.09 and a beta of 0.76.

Monster Beverage Company 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.