Wilmington Savings Fund Society FSB Takes $307,000 Position in Monster Beverage Co. (NASDAQ:MNST)

Wilmington Savings Fund Society FSB bought a new stake in shares of Monster Beverage Co. (NASDAQ:MNST) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,879 shares of the company’s stock, valued at approximately $307,000.

Other hedge funds have also bought and sold shares of the company. Stephens Consulting LLC bought a new stake in Monster Beverage during the second quarter valued at approximately $26,000. Kings Path Partners LLC bought a new stake in Monster Beverage during the second quarter valued at approximately $30,000. University of Texas Texas AM Investment Management Co. bought a new stake in Monster Beverage during the second quarter valued at approximately $30,000. Quarry LP lifted its position in Monster Beverage by 152.0% during the second quarter. Quarry LP now owns 824 shares of the company’s stock valued at $41,000 after purchasing an additional 497 shares during the last quarter. Finally, Crewe Advisors LLC lifted its position in Monster Beverage by 37.5% during the second quarter. Crewe Advisors LLC now owns 850 shares of the company’s stock valued at $42,000 after purchasing an additional 232 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Monster Beverage 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 completion of the transaction, the chief financial officer now owns 74,924 shares of the company’s stock, valued at approximately $3,944,748.60. The trade was a 11.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.80% of the stock is currently owned by company insiders.

Monster Beverage Stock Performance

Shares of Monster Beverage stock opened at $51.95 on Wednesday. The stock has a market cap of $50.52 billion, a price-to-earnings ratio of 33.30, a PEG ratio of 2.49 and a beta of 0.74. The firm’s 50-day moving average is $53.52 and its 200 day moving average is $51.06. 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.

Analysts Set New Price Targets

Several brokerages have issued reports on MNST. UBS Group lifted their target price on shares of Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Needham & Company LLC began coverage on shares of Monster Beverage in a research note on Friday, December 6th. They set a “hold” rating on the stock. Stifel Nicolaus lifted their price target on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Argus lifted their price target on shares of Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, TD Cowen lifted their price target 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Monster Beverage has a consensus rating of “Moderate Buy” and an average price target of $56.45.

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.