Caprock Group LLC Acquires 2,198 Shares of Monster Beverage Co. (NASDAQ:MNST)

Caprock Group LLC grew its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 15.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,255 shares of the company’s stock after buying an additional 2,198 shares during the quarter. Caprock Group LLC’s holdings in Monster Beverage were worth $854,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MNST. Retirement Wealth Solutions LLC acquired a new position in shares of Monster Beverage during the 4th quarter worth about $30,000. Geneos Wealth Management Inc. acquired a new position in shares of Monster Beverage during the 4th quarter worth about $33,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Monster Beverage by 16,085.7% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock worth $59,000 after purchasing an additional 1,126 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Monster Beverage by 84.9% during the 4th quarter. Versant Capital Management Inc now owns 1,185 shares of the company’s stock worth $62,000 after purchasing an additional 544 shares during the last quarter. Finally, DT Investment Partners LLC increased its stake in shares of Monster Beverage by 38.6% during the 3rd quarter. DT Investment Partners LLC now owns 1,386 shares of the company’s stock worth $72,000 after purchasing an additional 386 shares during the last quarter. 72.36% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Thomas J. Kelly sold 10,000 shares of the company’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 transaction of $526,500.00. Following the completion of the sale, the chief financial officer now owns 74,924 shares of the company’s stock, valued at approximately $3,944,748.60. This represents a 11.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 7.80% of the company’s stock.

Monster Beverage Stock Performance

Shares of NASDAQ:MNST opened at $47.50 on Tuesday. The company’s 50 day moving average price is $51.69 and its two-hundred day moving average price is $51.19. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22. The firm has a market cap of $46.19 billion, a PE ratio of 30.45, a PEG ratio of 2.07 and a beta of 0.74. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MNST. Wells Fargo & Company boosted their price objective 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. TD Cowen boosted their price objective on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. BNP Paribas lowered their price objective on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a research note on Thursday, December 19th. Stifel Nicolaus upped their price target 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, Royal Bank of Canada reiterated an “outperform” rating and issued a $59.00 price target on shares of Monster Beverage in a research note on Wednesday, January 22nd. Two equities research 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 MarketBeat, the stock has an average 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.