Geneos Wealth Management Inc. Takes Position in Monster Beverage Co. (NASDAQ:MNST)

Geneos Wealth Management Inc. bought a new position in shares of Monster Beverage Co. (NASDAQ:MNST) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 632 shares of the company’s stock, valued at approximately $33,000.

A number of other large investors have also added to or reduced their stakes in MNST. Fifth Third Bancorp raised its position in shares of Monster Beverage by 7.8% in the fourth quarter. Fifth Third Bancorp now owns 252,572 shares of the company’s stock valued at $13,275,000 after purchasing an additional 18,227 shares during the period. Bennett Selby Investments LP raised its holdings in Monster Beverage by 5.8% in the 4th quarter. Bennett Selby Investments LP now owns 9,704 shares of the company’s stock valued at $510,000 after acquiring an additional 528 shares during the period. Exchange Traded Concepts LLC lifted its position in Monster Beverage by 8.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 6,462 shares of the company’s stock worth $340,000 after acquiring an additional 503 shares during the last quarter. Sustainable Insight Capital Management LLC bought a new stake in shares of Monster Beverage during the fourth quarter worth approximately $1,214,000. Finally, Donoghue Forlines LLC acquired a new position in shares of Monster Beverage in the fourth quarter valued at approximately $2,155,000. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

MNST stock opened at $48.71 on Friday. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. 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 stock has a market cap of $47.37 billion, a price-to-earnings ratio of 31.22, a P/E/G ratio of 2.08 and a beta of 0.74. The company has a 50 day simple moving average of $51.69 and a 200 day simple moving average of $51.18.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stifel Nicolaus lifted their price target on Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 8th. BNP Paribas reduced their target price on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a research report on Thursday, December 19th. UBS Group decreased their price target on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $59.00 price objective on shares of Monster Beverage in a research note on Wednesday, January 22nd. Finally, TD Cowen increased their target price on shares of 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 issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Monster Beverage currently has an average rating of “Hold” and an average price target of $55.42.

Insider Buying and Selling at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 74,924 shares of the company’s stock, valued at $3,944,748.60. The trade was a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 7.80% of the company’s stock.

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.