Versant Capital Management Inc Purchases 544 Shares of Monster Beverage Co. (NASDAQ:MNST)

Versant Capital Management Inc boosted its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 84.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,185 shares of the company’s stock after buying an additional 544 shares during the period. Versant Capital Management Inc’s holdings in Monster Beverage were worth $62,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MNST. University of Texas Texas AM Investment Management Co. bought a new stake in Monster Beverage in the second quarter valued at about $30,000. Quarry LP grew its stake in shares of Monster Beverage by 152.0% in the 2nd quarter. Quarry LP now owns 824 shares of the company’s stock valued at $41,000 after purchasing an additional 497 shares during the period. Hazlett Burt & Watson Inc. lifted its position in shares of Monster Beverage by 141.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 854 shares of the company’s stock worth $43,000 after buying an additional 500 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its stake 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 buying an additional 1,126 shares in the last quarter. Finally, DT Investment Partners LLC grew its position in Monster Beverage by 38.6% in the third quarter. DT Investment Partners LLC now owns 1,386 shares of the company’s stock valued at $72,000 after acquiring an additional 386 shares during the period. 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 the company’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 in the company, valued at approximately $3,944,748.60. This represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Argus lifted their price objective on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Bank of America lifted their price target on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. JPMorgan Chase & Co. cut their target price on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Finally, TD Cowen increased their price target on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $56.30.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $52.39 on Monday. The business’s 50 day moving average is $53.40 and its 200-day moving average is $51.22. The firm has a market cap of $50.95 billion, a P/E ratio of 33.58, a price-to-earnings-growth ratio of 2.49 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. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13.

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.