Regent Peak Wealth Advisors LLC Buys Shares of 3,936 Monster Beverage Co. (NASDAQ:MNST)

Regent Peak Wealth Advisors LLC purchased a new position in shares of Monster Beverage Co. (NASDAQ:MNST) in the fourth quarter, HoldingsChannel reports. The fund purchased 3,936 shares of the company’s stock, valued at approximately $207,000.

Other hedge funds also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. acquired a new position in Monster Beverage during the second quarter worth $30,000. Quarry LP boosted its stake in shares of Monster Beverage by 152.0% during the 2nd quarter. Quarry LP now owns 824 shares of the company’s stock worth $41,000 after buying an additional 497 shares during the last quarter. Hazlett Burt & Watson Inc. grew its holdings in shares of Monster Beverage by 141.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 854 shares of the company’s stock valued at $43,000 after acquiring an additional 500 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Monster Beverage by 16,085.7% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock valued at $59,000 after acquiring an additional 1,126 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Monster Beverage by 84.9% in the fourth quarter. Versant Capital Management Inc now owns 1,185 shares of the company’s stock valued at $62,000 after acquiring an additional 544 shares during the last quarter. 72.36% of the stock is owned by institutional investors.

Insider Transactions at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of the firm’s 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 transaction, the chief financial officer now directly owns 74,924 shares of the company’s stock, valued at approximately $3,944,748.60. This trade represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MNST. Needham & Company LLC initiated coverage on Monster Beverage in a research note on Friday, December 6th. They issued a “hold” rating for the company. JPMorgan Chase & Co. decreased their target price on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. UBS Group boosted their target price on shares of Monster Beverage from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Argus increased their price target on shares of Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Monster Beverage presently has an average rating of “Moderate Buy” and an average price target of $56.30.

Monster Beverage Stock Performance

MNST traded up $0.19 during trading on Tuesday, hitting $52.06. The stock had a trading volume of 1,075,349 shares, compared to its average volume of 3,085,600. 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 50 day moving average price of $53.37 and a 200-day moving average price of $51.24. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22. The firm has a market cap of $50.63 billion, a price-to-earnings ratio of 33.37, a P/E/G ratio of 2.52 and a beta of 0.74.

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.