Lecap Asset Management Ltd. Invests $1.81 Million in Monster Beverage Co. (NASDAQ:MNST)

Lecap Asset Management Ltd. bought a new stake in Monster Beverage Co. (NASDAQ:MNST) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 34,424 shares of the company’s stock, valued at approximately $1,809,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Monster Beverage by 62.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after purchasing an additional 203 shares during the last quarter. Spire Wealth Management acquired a new stake in shares of Monster Beverage during the 4th quarter worth about $29,000. Retirement Wealth Solutions LLC acquired a new stake in Monster Beverage during the fourth quarter worth approximately $30,000. Geneos Wealth Management Inc. bought a new stake in Monster Beverage in the 4th quarter valued at $33,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake 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 in the last quarter. 72.36% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Thomas J. Kelly sold 10,000 shares of the firm’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 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 can be accessed through the SEC website. Insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MNST shares. Needham & Company LLC began coverage on Monster Beverage in a report on Friday, December 6th. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. JPMorgan Chase & Co. lowered their target price on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Stifel Nicolaus boosted their target price on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Bank of America raised their price target on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $55.42.

Monster Beverage Trading Up 0.3 %

Shares of MNST opened at $46.30 on Friday. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The business has a 50-day moving average of $51.20 and a 200 day moving average of $51.10. The firm has a market cap of $45.03 billion, a P/E ratio of 29.68, a price-to-earnings-growth ratio of 2.07 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13.

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.