Global Retirement Partners LLC Sells 2,208 Shares of Monster Beverage Co. (NASDAQ:MNST)

Global Retirement Partners LLC reduced its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,502 shares of the company’s stock after selling 2,208 shares during the quarter. Global Retirement Partners LLC’s holdings in Monster Beverage were worth $605,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Monster Beverage by 62.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock worth $28,000 after purchasing an additional 203 shares during the last quarter. Spire Wealth Management bought a new stake in shares of Monster Beverage in the fourth quarter worth about $29,000. Retirement Wealth Solutions LLC bought a new stake in shares of Monster Beverage in the fourth quarter worth about $30,000. Geneos Wealth Management Inc. bought a new stake in shares of Monster Beverage in the fourth quarter worth about $33,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake 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 worth $59,000 after purchasing an additional 1,126 shares during the last quarter. 72.36% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Thomas J. Kelly sold 10,000 shares of the business’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 transaction, the chief financial officer now directly owns 74,924 shares in the company, valued at $3,944,748.60. The trade was a 11.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MNST shares. Needham & Company LLC started coverage on Monster Beverage in a research note on Friday, December 6th. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft cut their target price on Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Argus lifted their price objective on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Stifel Nicolaus lifted their price objective on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company lifted their price objective on Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $55.53.

Monster Beverage Price Performance

MNST stock opened at $53.00 on Friday. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22. The firm has a market capitalization of $51.54 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 2.28 and a beta of 0.74. The firm has a 50 day moving average price of $50.18 and a 200-day moving average price of $50.98. 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 Company 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.