Premier Path Wealth Partners LLC Makes New Investment in Monster Beverage Co. (NASDAQ:MNST)

Premier Path Wealth Partners LLC bought a new position in shares of Monster Beverage Co. (NASDAQ:MNST) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,227 shares of the company’s stock, valued at approximately $222,000.

Other hedge funds have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. acquired a new stake in Monster Beverage during the 2nd quarter worth approximately $30,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Monster Beverage during the fourth quarter worth $30,000. Quarry LP grew its position in Monster Beverage by 152.0% in the 2nd quarter. Quarry LP now owns 824 shares of the company’s stock valued at $41,000 after buying an additional 497 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in Monster Beverage by 16,085.7% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock worth $59,000 after buying an additional 1,126 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of 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 acquiring an additional 544 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Price Performance

Monster Beverage stock opened at $49.42 on Monday. The firm’s 50-day moving average is $52.80 and its two-hundred day moving average is $51.26. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The stock has a market capitalization of $48.06 billion, a P/E ratio of 31.68, a P/E/G 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.

Insiders Place Their Bets

In other news, CFO Thomas J. Kelly sold 10,000 shares of the firm’s stock in a transaction on 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 $3,944,748.60. This trade represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MNST shares. UBS Group dropped their price target on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating on the stock in a research note on Thursday. TD Cowen increased their target price on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. decreased their price target on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Needham & Company LLC assumed coverage on Monster Beverage in a research report on Friday, December 6th. They issued a “hold” rating for the company. Finally, BNP Paribas decreased their target price on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a research report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $55.47.

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.