Mather Group LLC. Buys 491 Shares of Monster Beverage Co. (NASDAQ:MNST)

Mather Group LLC. increased its position in Monster Beverage Co. (NASDAQ:MNST) by 7.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 6,931 shares of the company’s stock after purchasing an additional 491 shares during the period. Mather Group LLC.’s holdings in Monster Beverage were worth $364,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Spire Wealth Management purchased a new stake in shares of Monster Beverage in the 4th quarter worth $29,000. Retirement Wealth Solutions LLC purchased a new position in shares of Monster Beverage in the fourth quarter worth $30,000. Geneos Wealth Management Inc. bought a new position in shares of Monster Beverage during the 4th quarter valued at about $33,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of 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 acquiring an additional 1,126 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Monster Beverage by 84.9% during the 4th quarter. Versant Capital Management Inc now owns 1,185 shares of the company’s stock valued at $62,000 after buying an additional 544 shares in the last quarter. 72.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MNST has been the topic of several analyst reports. Wells Fargo & Company upped their price target 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. Bank of America lifted their price objective on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Stifel Nicolaus boosted their price objective on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Needham & Company LLC started coverage on Monster Beverage in a research note on Friday, December 6th. They set a “hold” rating on the stock. Finally, Argus lifted their price objective on shares of Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Two equities 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. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $55.42.

Insider Transactions at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $52.65, for a total value of $526,500.00. Following the transaction, the chief financial officer now owns 74,924 shares in the company, valued at approximately $3,944,748.60. This trade represents a 11.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 7.80% of the company’s stock.

Monster Beverage Stock Up 0.3 %

Shares of NASDAQ MNST opened at $46.30 on Friday. The firm has a market cap of $45.03 billion, a price-to-earnings ratio of 29.68, a price-to-earnings-growth ratio of 2.07 and a beta of 0.74. The company’s 50-day simple moving average is $51.20 and its 200-day simple moving average is $51.10. 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.

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.