Legacy Capital Wealth Partners LLC Decreases Holdings in Monster Beverage Co. (NASDAQ:MNST)

Legacy Capital Wealth Partners LLC trimmed its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 48.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,933 shares of the company’s stock after selling 3,696 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Monster Beverage were worth $207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Monster Beverage by 62.5% in the 4th 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 last quarter. Bleakley Financial Group LLC increased its position in Monster Beverage by 1.5% during the 4th quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company’s stock worth $714,000 after purchasing an additional 203 shares during the period. CWA Asset Management Group LLC increased its position in Monster Beverage by 3.1% during the 4th quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company’s stock worth $367,000 after purchasing an additional 213 shares during the period. Accretive Wealth Partners LLC increased its position in Monster Beverage by 1.3% during the 3rd quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company’s stock worth $930,000 after purchasing an additional 225 shares during the period. Finally, Sapient Capital LLC grew its holdings in shares of Monster Beverage by 0.5% in the 4th quarter. Sapient Capital LLC now owns 46,082 shares of the company’s stock worth $2,422,000 after acquiring an additional 228 shares during the period. 72.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Thomas J. Kelly sold 10,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $52.65, for a total transaction 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. This represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MNST. UBS Group lowered their price target on Monster Beverage from $57.00 to $53.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. 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. JPMorgan Chase & Co. lowered their target price on Monster Beverage from $52.00 to $51.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Wells Fargo & Company increased their target price on Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, BNP Paribas lowered their target price on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Monster Beverage has a consensus rating of “Hold” and an average target price of $55.53.

Monster Beverage Stock Down 0.5 %

NASDAQ:MNST opened at $49.25 on Tuesday. The stock has a market cap of $47.90 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 1.96 and a beta of 0.74. The stock has a 50-day moving average price of $50.34 and a two-hundred day moving average price of $50.97. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13.

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.