Retirement Wealth Solutions LLC Invests $30,000 in Monster Beverage Co. (NASDAQ:MNST)

Retirement Wealth Solutions LLC purchased a new stake in Monster Beverage Co. (NASDAQ:MNST) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 609 shares of the company’s stock, valued at approximately $30,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. acquired a new stake in Monster Beverage in the 2nd quarter valued at about $30,000. Quarry LP grew its stake in shares of 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. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of 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 valued at $59,000 after purchasing an additional 1,126 shares in the last quarter. Versant Capital Management Inc raised its position in Monster Beverage by 84.9% in the 4th quarter. Versant Capital Management Inc now owns 1,185 shares of the company’s stock worth $62,000 after purchasing an additional 544 shares during the last quarter. Finally, DT Investment Partners LLC lifted its holdings in Monster Beverage by 38.6% during the 3rd quarter. DT Investment Partners LLC now owns 1,386 shares of the company’s stock worth $72,000 after buying an additional 386 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Trading Down 0.5 %

Shares of NASDAQ:MNST opened at $49.42 on Friday. The firm 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 fifty day simple moving average is $52.89 and its 200 day simple moving average is $51.25. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13.

Insiders Place Their Bets

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the business’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 value of $526,500.00. Following the sale, the chief financial officer now owns 74,924 shares in the company, valued at approximately $3,944,748.60. The trade was a 11.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. BNP Paribas decreased their price objective on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a research note on Thursday, December 19th. Bank of America upped their price objective on Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. TD Cowen raised their target price on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, Argus upped their price target on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $55.47.

About Monster Beverage

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.