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

CWA Asset Management Group LLC increased 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 Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Accretive Wealth Partners LLC increased its holdings in shares of 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 during the period. Ieq Capital LLC grew its position in Monster Beverage by 0.3% during the second quarter. Ieq Capital LLC now owns 68,735 shares of the company’s stock worth $3,433,000 after buying an additional 232 shares in the last quarter. UMB Bank n.a. increased its stake in Monster Beverage by 20.6% in the 3rd quarter. UMB Bank n.a. now owns 1,412 shares of the company’s stock worth $74,000 after acquiring an additional 241 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Monster Beverage by 0.7% in the 3rd 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 during the last quarter. Finally, Great Valley Advisor Group Inc. raised its holdings in shares of Monster Beverage by 1.8% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 14,642 shares of the company’s stock valued at $764,000 after acquiring an additional 262 shares in the last quarter. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Monster Beverage Stock Performance

Monster Beverage stock opened at $51.60 on Thursday. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The firm has a market cap of $50.18 billion, a P/E ratio of 33.08, a P/E/G 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.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MNST shares. TD Cowen boosted their price objective on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft cut 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. BNP Paribas dropped their price objective on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a report on Thursday, December 19th. Stifel Nicolaus upped their target price on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company raised their price target on Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.30.

Insiders Place Their Bets

In related news, CFO Thomas J. Kelly sold 10,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 74,924 shares in the company, valued at $3,944,748.60. This represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 7.80% of the company’s stock.

Monster Beverage Company 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.