Kestra Private Wealth Services LLC Acquires 1,630 Shares of Monster Beverage Co. (NASDAQ:MNST)

Kestra Private Wealth Services LLC lifted its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 11.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,592 shares of the company’s stock after purchasing an additional 1,630 shares during the period. Kestra Private Wealth Services LLC’s holdings in Monster Beverage were worth $820,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of MNST. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Monster Beverage by 62.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after purchasing an additional 203 shares during the last quarter. Spire Wealth Management acquired a new position in Monster Beverage in the fourth quarter valued at $29,000. Retirement Wealth Solutions LLC bought a new stake in Monster Beverage during the fourth quarter valued at $30,000. Geneos Wealth Management Inc. acquired a new stake in Monster Beverage during the 4th quarter worth about $33,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in shares of 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 worth $59,000 after acquiring an additional 1,126 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

MNST opened at $49.25 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 company has a market capitalization of $47.90 billion, a price-to-earnings ratio of 31.57, a P/E/G ratio of 1.96 and a beta of 0.74. The firm’s fifty day moving average price is $50.40 and its two-hundred day moving average price is $50.99.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Stifel Nicolaus raised their target price on Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. 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. Needham & Company LLC initiated coverage on shares of Monster Beverage in a research note on Friday, December 6th. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, Wells Fargo & Company increased their price objective on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $55.53.

Insider Buying and Selling

In other Monster Beverage 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 value of $526,500.00. Following the completion of the sale, the chief financial officer now owns 74,924 shares in the company, valued at approximately $3,944,748.60. This trade represents a 11.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 7.80% of the stock is owned by corporate insiders.

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.