Trust Point Inc. Acquires 1,434 Shares of Monster Beverage Co. (NASDAQ:MNST)

Trust Point Inc. raised its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 17.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,490 shares of the company’s stock after purchasing an additional 1,434 shares during the period. Trust Point Inc.’s holdings in Monster Beverage were worth $499,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Alliance Wealth Advisors LLC UT purchased a new position in shares of Monster Beverage during the 4th quarter worth approximately $423,000. Leisure Capital Management purchased a new position in shares of Monster Beverage during the 4th quarter worth approximately $1,176,000. Spire Wealth Management purchased a new position in shares of Monster Beverage during the 4th quarter worth approximately $29,000. SYM FINANCIAL Corp purchased a new position in shares of Monster Beverage during the 4th quarter worth approximately $557,000. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Monster Beverage by 203.1% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 228,290 shares of the company’s stock worth $11,999,000 after acquiring an additional 152,974 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction on Friday, December 13th. The shares were sold at an average price of $52.65, for a total transaction of $526,500.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on MNST shares. Needham & Company LLC began coverage on Monster Beverage in a report on Friday, December 6th. They set a “hold” rating on the stock. TD Cowen upped their price target on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Wells Fargo & Company upped their price target on Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. BNP Paribas cut their price target on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a research note on Thursday, December 19th. Finally, Argus upped their price target on Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Monster Beverage currently has a consensus rating of “Hold” and an average target price of $55.42.

Monster Beverage Trading Down 1.0 %

Shares of MNST stock opened at $46.16 on Thursday. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The firm has a fifty day moving average price of $51.38 and a 200-day moving average price of $51.14. The company has a market cap of $44.89 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 2.07 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51.

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.