Brooklyn Investment Group Raises Position in Monster Beverage Co. (NASDAQ:MNST)

Brooklyn Investment Group lifted its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 20.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,245 shares of the company’s stock after buying an additional 734 shares during the period. Brooklyn Investment Group’s holdings in Monster Beverage were worth $223,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MNST. Merit Financial Group LLC boosted its holdings in Monster Beverage by 25.1% during the 4th quarter. Merit Financial Group LLC now owns 6,653 shares of the company’s stock worth $350,000 after acquiring an additional 1,335 shares during the last quarter. Procyon Advisors LLC boosted its holdings in Monster Beverage by 4.3% during the fourth quarter. Procyon Advisors LLC now owns 104,548 shares of the company’s stock worth $5,495,000 after purchasing an additional 4,263 shares during the last quarter. Everpar Advisors LLC grew its position in Monster Beverage by 11.5% in the 4th quarter. Everpar Advisors LLC now owns 4,358 shares of the company’s stock worth $229,000 after purchasing an additional 449 shares in the last quarter. RDA Financial Network increased its stake in Monster Beverage by 16.2% in the 4th quarter. RDA Financial Network now owns 26,320 shares of the company’s stock valued at $1,383,000 after buying an additional 3,667 shares during the last quarter. Finally, Channel Wealth LLC lifted its position in shares of Monster Beverage by 7.6% during the 4th quarter. Channel Wealth LLC now owns 12,683 shares of the company’s stock worth $667,000 after buying an additional 891 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction on Friday, December 13th. The stock was sold at an average price of $52.65, for a total transaction of $526,500.00. Following the completion of the sale, the chief financial officer now 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

MNST has been the subject of a number of research analyst reports. Argus increased their price target on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. lowered their target price on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. UBS Group reduced their price target on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Thursday. Wells Fargo & Company lifted their price objective on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Needham & Company LLC assumed coverage on shares of Monster Beverage in a research note on Friday, December 6th. They set a “hold” rating for the company. Two 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 stock. According to MarketBeat.com, Monster Beverage has a consensus rating of “Hold” and an average price target of $55.47.

Monster Beverage Trading Down 0.5 %

Shares of Monster Beverage stock opened at $49.42 on Friday. The company’s 50-day moving average price is $52.80 and its 200-day moving average price is $51.24. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22. The company has a market cap of $48.06 billion, a price-to-earnings ratio of 31.68, a PEG ratio of 2.10 and a beta of 0.74.

About Monster Beverage

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.