Monster Beverage Co. (NASDAQ:MNST) Shares Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC increased its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 59.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,490 shares of the company’s stock after purchasing an additional 8,726 shares during the period. Summit Trail Advisors LLC’s holdings in Monster Beverage were worth $1,235,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Monster Beverage by 62.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock worth $28,000 after purchasing an additional 203 shares during the last quarter. Spire Wealth Management acquired a new position in shares of Monster Beverage during the 4th quarter worth approximately $29,000. Retirement Wealth Solutions LLC acquired a new position in shares of Monster Beverage during the 4th quarter worth approximately $30,000. Geneos Wealth Management Inc. acquired a new position in Monster Beverage in the 4th quarter valued at $33,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in Monster Beverage by 16,085.7% in the 3rd 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 during the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Stock Performance

NASDAQ:MNST opened at $47.81 on Tuesday. 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 50-day moving average of $50.85 and a two-hundred day moving average of $51.06. The stock has a market cap of $46.50 billion, a P/E ratio of 30.65, a PEG ratio of 1.96 and a beta of 0.74. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22.

Insider Buying and Selling at Monster Beverage

In other news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $52.65, for a total transaction of $526,500.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MNST shares. BNP Paribas cut their price target on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a report on Thursday, December 19th. UBS Group cut their price target on Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus boosted their price target on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 8th. Needham & Company LLC started coverage on Monster Beverage in a report on Friday, December 6th. They issued a “hold” rating for the company. Finally, Argus boosted their price target on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Monster Beverage has a consensus rating of “Hold” and an average target price of $55.42.

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.