Marks Group Wealth Management Inc Increases Position in Monster Beverage Co. (NASDAQ:MNST)

Marks Group Wealth Management Inc grew its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 1.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 78,040 shares of the company’s stock after purchasing an additional 967 shares during the period. Marks Group Wealth Management Inc’s holdings in Monster Beverage were worth $4,102,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MNST. Migdal Insurance & Financial Holdings Ltd. raised its stake in Monster Beverage by 62.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after buying an additional 203 shares during the last quarter. Bleakley Financial Group LLC raised its position in shares of Monster Beverage by 1.5% in the 4th quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company’s stock worth $714,000 after purchasing an additional 203 shares during the last quarter. CWA Asset Management Group LLC boosted its stake in Monster Beverage by 3.1% in the 4th quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company’s stock worth $367,000 after purchasing an additional 213 shares in the last quarter. Accretive Wealth Partners LLC boosted its stake in Monster Beverage by 1.3% in the 3rd quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company’s stock worth $930,000 after purchasing an additional 225 shares in the last quarter. Finally, Sapient Capital LLC grew its position in Monster Beverage by 0.5% during the 4th quarter. Sapient Capital LLC now owns 46,082 shares of the company’s stock valued at $2,422,000 after purchasing an additional 228 shares during the last quarter. 72.36% of the stock is owned by institutional investors.

Monster Beverage Trading Up 0.5 %

NASDAQ:MNST opened at $48.06 on Wednesday. The business has a fifty day moving average price of $50.70 and a 200-day moving average price of $51.04. 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 firm has a market capitalization of $46.74 billion, a price-to-earnings ratio of 30.81, a price-to-earnings-growth ratio of 1.96 and a beta of 0.74.

Insider Transactions at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were 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 directly owns 74,924 shares in the company, valued at $3,944,748.60. This represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

MNST has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $59.00 target price on shares of Monster Beverage in a report on Wednesday, January 22nd. TD Cowen upped their price objective on Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Bank of America boosted their price target on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Stifel Nicolaus increased their price objective on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. reduced their price objective on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Monday, November 4th. 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.42.

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.