CWA Asset Management Group LLC Raises Position in Monster Beverage Co. (NASDAQ:MNST)

CWA Asset Management Group LLC grew its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 3.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,991 shares of the company’s stock after acquiring an additional 213 shares during the period. CWA Asset Management Group LLC’s holdings in Monster Beverage were worth $367,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Accretive Wealth Partners LLC raised its holdings in Monster Beverage by 1.3% in the third quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company’s stock worth $930,000 after purchasing an additional 225 shares in the last quarter. Ieq Capital LLC increased its stake in shares of Monster Beverage by 0.3% in the 2nd quarter. Ieq Capital LLC now owns 68,735 shares of the company’s stock worth $3,433,000 after acquiring an additional 232 shares in the last quarter. UMB Bank n.a. lifted its position in Monster Beverage by 20.6% during the 3rd quarter. UMB Bank n.a. now owns 1,412 shares of the company’s stock valued at $74,000 after acquiring an additional 241 shares during the period. Thrivent Financial for Lutherans boosted its stake in Monster Beverage by 0.7% during the third quarter. Thrivent Financial for Lutherans now owns 39,187 shares of the company’s stock worth $2,045,000 after acquiring an additional 259 shares in the last quarter. Finally, Great Valley Advisor Group Inc. grew its holdings in Monster Beverage by 1.8% in the third quarter. Great Valley Advisor Group Inc. now owns 14,642 shares of the company’s stock worth $764,000 after purchasing an additional 262 shares during the period. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Performance

Shares of NASDAQ MNST opened at $51.60 on Thursday. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22. The firm has a market capitalization of $50.18 billion, a price-to-earnings ratio of 33.08, a price-to-earnings-growth ratio of 2.52 and a beta of 0.74. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average of $53.33 and a 200 day moving average of $51.26.

Insider Activity

In related news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction on Friday, December 13th. The stock was sold at an average price of $52.65, for a total transaction 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. The trade was a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MNST. Deutsche Bank Aktiengesellschaft dropped their price target on Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Argus raised 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. Wells Fargo & Company upped their price target on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Stifel Nicolaus raised their price objective on shares of Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, UBS Group upped their target price on shares of Monster Beverage from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $56.30.

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.