Financial Advocates Investment Management Has $859,000 Position in Monster Beverage Co. (NASDAQ:MNST)

Financial Advocates Investment Management raised its stake in Monster Beverage Co. (NASDAQ:MNST) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,352 shares of the company’s stock after buying an additional 607 shares during the quarter. Financial Advocates Investment Management’s holdings in Monster Beverage were worth $859,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MNST. Spire Wealth Management acquired a new position in shares of Monster Beverage in the fourth quarter worth $29,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Monster Beverage during the 4th quarter worth about $30,000. Geneos Wealth Management Inc. acquired a new stake in shares of Monster Beverage during the 4th quarter valued at about $33,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Monster Beverage by 16,085.7% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock worth $59,000 after buying an additional 1,126 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in Monster Beverage by 84.9% during the fourth quarter. Versant Capital Management Inc now owns 1,185 shares of the company’s stock valued at $62,000 after acquiring an additional 544 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Trading Up 0.6 %

MNST opened at $46.57 on Friday. The firm has a 50 day simple moving average of $51.02 and a 200 day simple moving average of $51.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The company has a market cap of $45.29 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 2.07 and a beta of 0.74.

Insider Transactions at Monster Beverage

In other Monster Beverage 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 value 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on MNST. BNP Paribas decreased 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. Argus increased their target price on shares of Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. TD Cowen boosted their price target on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. UBS Group decreased their price target on Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $59.00 target price on shares of Monster Beverage in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.