Monster Beverage Co. (NASDAQ:MNST) Shares Bought by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC lifted its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 11.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,484 shares of the company’s stock after buying an additional 2,421 shares during the period. AlphaStar Capital Management LLC’s holdings in Monster Beverage were worth $1,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. raised its position in Monster Beverage by 62.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after purchasing an additional 203 shares during the period. Spire Wealth Management purchased a new stake in Monster Beverage in the 4th quarter valued at about $29,000. Retirement Wealth Solutions LLC acquired a new position in Monster Beverage in the fourth quarter valued at about $30,000. Geneos Wealth Management Inc. purchased a new position in Monster Beverage during the fourth quarter worth about $33,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in shares of Monster Beverage by 16,085.7% during 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 acquiring an additional 1,126 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Up 0.6 %

Monster Beverage stock opened at $46.57 on Friday. The stock has a 50-day simple moving average of $50.85 and a 200-day simple moving average of $51.04. The company has a market capitalization of $45.29 billion, a P/E ratio of 29.85, a PEG ratio of 1.96 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wells Fargo & Company boosted their target price on Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $59.00 price objective on shares of Monster Beverage in a report on Wednesday, January 22nd. TD Cowen raised their target price on Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, November 11th. Stifel Nicolaus increased their price target 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, JPMorgan Chase & Co. dropped their price objective on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $55.42.

Insider Activity at Monster Beverage

In other news, CFO Thomas J. Kelly sold 10,000 shares of the company’s stock in a transaction dated 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 directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.80% of the stock is owned by insiders.

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.