Monster Beverage Co. (NASDAQ:MNST) Shares Sold by Secured Retirement Advisors LLC

Secured Retirement Advisors LLC lowered its stake in Monster Beverage Co. (NASDAQ:MNST) by 59.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,635 shares of the company’s stock after selling 12,777 shares during the quarter. Secured Retirement Advisors LLC’s holdings in Monster Beverage were worth $454,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bleakley Financial Group LLC increased its stake in Monster Beverage by 1.5% in the 4th quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company’s stock valued at $714,000 after purchasing an additional 203 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position 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 valued at $28,000 after buying an additional 203 shares in the last quarter. CWA Asset Management Group LLC raised its stake in shares of 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 buying an additional 213 shares during the last quarter. Accretive Wealth Partners LLC boosted its position in shares of Monster Beverage by 1.3% in the 3rd quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company’s stock worth $930,000 after buying an additional 225 shares in the last quarter. Finally, Sapient Capital LLC grew its stake in Monster Beverage by 0.5% in the 4th quarter. Sapient Capital LLC now owns 46,082 shares of the company’s stock valued at $2,422,000 after acquiring an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MNST. JPMorgan Chase & Co. reduced their price target on shares of Monster Beverage from $52.00 to $51.00 and set a “neutral” rating on the stock in a report on Wednesday. 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. Needham & Company LLC started coverage on Monster Beverage in a report on Friday, December 6th. They issued a “hold” rating for the company. BNP Paribas decreased their price objective 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 target price on shares of Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $55.53.

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 legal filing with the SEC, which can be accessed through this link. 7.80% of the stock is owned by insiders.

Monster Beverage Stock Down 0.5 %

Shares of NASDAQ:MNST opened at $49.25 on Friday. The stock has a 50-day simple moving average of $50.34 and a 200-day simple moving average of $50.98. The stock has a market capitalization of $47.90 billion, a P/E ratio of 31.57, a PEG ratio of 1.96 and a beta of 0.74. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13.

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.