E Fund Management Hong Kong Co. Ltd. Buys 410 Shares of Monster Beverage Co. (NASDAQ:MNST)

E Fund Management Hong Kong Co. Ltd. increased its stake in Monster Beverage Co. (NASDAQ:MNST) by 36.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,543 shares of the company’s stock after acquiring an additional 410 shares during the quarter. E Fund Management Hong Kong Co. Ltd.’s holdings in Monster Beverage were worth $81,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Monster Beverage in the 2nd quarter worth approximately $30,000. Retirement Wealth Solutions LLC bought a new position in Monster Beverage during the fourth quarter worth $30,000. Geneos Wealth Management Inc. acquired a new position in Monster Beverage in the fourth quarter valued at $33,000. Quarry LP boosted its position in Monster Beverage by 152.0% during the second quarter. Quarry LP now owns 824 shares of the company’s stock valued at $41,000 after acquiring an additional 497 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in Monster Beverage by 84.9% during the 4th quarter. Versant Capital Management Inc now owns 1,185 shares of the company’s stock worth $62,000 after acquiring an additional 544 shares during the period. 72.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective 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. Needham & Company LLC initiated coverage on shares of Monster Beverage in a research report on Friday, December 6th. They set a “hold” rating for the company. Wells Fargo & Company boosted their target price on shares of Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. 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 report on Thursday, January 16th. Finally, TD Cowen lifted their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $55.42.

Monster Beverage Trading Up 0.4 %

NASDAQ:MNST opened at $48.28 on Monday. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.22. The firm has a 50-day moving average price of $52.16 and a two-hundred day moving average price of $51.23. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The firm has a market cap of $46.95 billion, a price-to-earnings ratio of 30.95, a price-to-earnings-growth ratio of 2.08 and a beta of 0.74.

Insider Activity at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $52.65, for a total value 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. The trade was a 11.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.80% of the stock is currently owned by company insiders.

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.