Kestra Private Wealth Services LLC Purchases 1,630 Shares of Monster Beverage Co. (NASDAQ:MNST)

Kestra Private Wealth Services LLC raised its position in Monster Beverage Co. (NASDAQ:MNST) by 11.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,592 shares of the company’s stock after acquiring an additional 1,630 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Monster Beverage were worth $820,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AlphaStar Capital Management LLC lifted its holdings in Monster Beverage by 11.5% during the 4th quarter. AlphaStar Capital Management LLC now owns 23,484 shares of the company’s stock valued at $1,234,000 after purchasing an additional 2,421 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Monster Beverage during the 4th quarter worth about $301,000. Empowered Funds LLC boosted its holdings in shares of Monster Beverage by 5.5% during the 4th quarter. Empowered Funds LLC now owns 26,293 shares of the company’s stock worth $1,382,000 after buying an additional 1,372 shares during the period. Apollon Wealth Management LLC grew its stake in Monster Beverage by 7.9% in the 4th quarter. Apollon Wealth Management LLC now owns 14,496 shares of the company’s stock valued at $762,000 after buying an additional 1,067 shares during the last quarter. Finally, Lecap Asset Management Ltd. bought a new position in Monster Beverage in the 4th quarter valued at about $1,809,000. Institutional investors own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

MNST has been the topic of several research reports. Stifel Nicolaus upped their target price on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Argus upped their price objective on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft dropped their target price on Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $59.00 price target on shares of Monster Beverage in a research report on Wednesday, January 22nd. Finally, BNP Paribas lowered their target price on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $55.53.

Monster Beverage Price Performance

Shares of NASDAQ:MNST opened at $49.25 on Friday. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The company has a market cap of $47.90 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 1.96 and a beta of 0.74. The firm has a 50 day simple moving average of $50.40 and a 200 day simple moving average of $50.99.

Insider Activity

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 stock was sold at an average price of $52.65, for a total value of $526,500.00. Following the completion of the transaction, the chief financial officer now owns 74,924 shares of the company’s stock, valued at $3,944,748.60. This represents a 11.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.80% of the stock is owned by corporate insiders.

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.