Regent Peak Wealth Advisors LLC Takes Position in Monster Beverage Co. (NASDAQ:MNST)

Regent Peak Wealth Advisors LLC acquired a new stake in shares of Monster Beverage Co. (NASDAQ:MNST) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,936 shares of the company’s stock, valued at approximately $207,000.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of Monster Beverage by 21.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,056,993 shares of the company’s stock valued at $102,760,000 after acquiring an additional 369,838 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Monster Beverage by 6.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 45,639 shares of the company’s stock valued at $2,284,000 after purchasing an additional 2,782 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Monster Beverage by 16.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 29,404 shares of the company’s stock worth $1,468,000 after buying an additional 4,143 shares during the last quarter. AE Wealth Management LLC lifted its stake in shares of Monster Beverage by 20.6% in the second quarter. AE Wealth Management LLC now owns 75,876 shares of the company’s stock worth $3,790,000 after buying an additional 12,964 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Monster Beverage by 21.7% during the second quarter. Pacer Advisors Inc. now owns 121,150 shares of the company’s stock valued at $6,051,000 after buying an additional 21,572 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

NASDAQ MNST opened at $49.42 on Tuesday. The stock has a market cap of $48.06 billion, a price-to-earnings ratio of 31.68, a PEG ratio of 2.10 and a beta of 0.74. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.22. The company’s 50 day moving average is $52.80 and its two-hundred day moving average is $51.27. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13.

Insider Activity at Monster Beverage

In other news, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $52.65, for a total value of $526,500.00. Following the transaction, the chief financial officer now directly owns 74,924 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MNST. Needham & Company LLC started coverage on shares of Monster Beverage in a report on Friday, December 6th. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft lowered their price target on Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, November 8th. TD Cowen lifted 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. Stifel Nicolaus upped their target price 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, Argus boosted their price objective on shares of Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Monster Beverage has a consensus rating of “Hold” and an average price target of $55.47.

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.