RDA Financial Network Purchases 3,667 Shares of Monster Beverage Co. (NASDAQ:MNST)

RDA Financial Network boosted its position in Monster Beverage Co. (NASDAQ:MNST) by 16.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,320 shares of the company’s stock after purchasing an additional 3,667 shares during the period. RDA Financial Network’s holdings in Monster Beverage were worth $1,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Monster Beverage during the 2nd quarter worth approximately $30,000. Quarry LP increased its stake in Monster Beverage by 152.0% in the second quarter. Quarry LP now owns 824 shares of the company’s stock worth $41,000 after purchasing an additional 497 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Monster Beverage by 16,085.7% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock worth $59,000 after purchasing an additional 1,126 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Monster Beverage by 84.9% during the fourth quarter. Versant Capital Management Inc now owns 1,185 shares of the company’s stock valued at $62,000 after purchasing an additional 544 shares during the period. Finally, DT Investment Partners LLC grew its holdings in shares of Monster Beverage by 38.6% in the third quarter. DT Investment Partners LLC now owns 1,386 shares of the company’s stock worth $72,000 after purchasing an additional 386 shares during the last quarter. Hedge funds and other 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 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 sale, the chief financial officer now directly owns 74,924 shares in the company, valued at $3,944,748.60. This trade represents a 11.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 7.80% of the company’s stock.

Monster Beverage Stock Up 0.8 %

Monster Beverage stock opened at $49.65 on Friday. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The business has a fifty day moving average price of $53.00 and a 200-day moving average price of $51.26. 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 stock has a market capitalization of $48.29 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.10 and a beta of 0.74.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 8th. Wells Fargo & Company lifted their price target on shares of Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Stifel Nicolaus raised their price objective on Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 8th. TD Cowen upped their target price on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, Bank of America increased their price target on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Monster Beverage presently has a consensus rating of “Moderate Buy” and an average price target of $56.10.

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.