Marshall Financial Group LLC Has $1.92 Million Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Marshall Financial Group LLC boosted its position in Monster Beverage Co. (NASDAQ:MNST) by 3.0% in the 4th quarter, HoldingsChannel reports. The firm owned 36,577 shares of the company’s stock after acquiring an additional 1,050 shares during the period. Marshall Financial Group LLC’s holdings in Monster Beverage were worth $1,922,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MNST. KFG Wealth Management LLC increased its holdings in shares of Monster Beverage by 9.2% in the fourth quarter. KFG Wealth Management LLC now owns 9,583 shares of the company’s stock valued at $504,000 after purchasing an additional 808 shares during the last quarter. First Citizens Bank & Trust Co. boosted its holdings in shares of Monster Beverage by 7.1% during the 4th quarter. First Citizens Bank & Trust Co. now owns 12,862 shares of the company’s stock worth $676,000 after buying an additional 858 shares during the period. Linden Thomas Advisory Services LLC grew its stake in Monster Beverage by 0.5% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 70,615 shares of the company’s stock valued at $3,712,000 after buying an additional 358 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in Monster Beverage in the 4th quarter valued at about $33,000. Finally, Fifth Third Bancorp raised its holdings in Monster Beverage by 7.8% in the 4th quarter. Fifth Third Bancorp now owns 252,572 shares of the company’s stock valued at $13,275,000 after acquiring an additional 18,227 shares during the period. Institutional investors own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wells Fargo & Company upped their target price on Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price objective on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Argus boosted their target price on shares of 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 raised their price target on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Bank of America boosted their price objective on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Monster Beverage has a consensus rating of “Hold” and an average target price of $55.42.

Monster Beverage Price Performance

Monster Beverage stock opened at $48.28 on Friday. 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 Co. has a 52 week low of $43.32 and a 52 week high of $61.22. The stock has a market capitalization of $46.95 billion, a P/E ratio of 30.95, a price-to-earnings-growth ratio of 2.08 and a beta of 0.74. The stock has a fifty day moving average of $52.16 and a 200-day moving average of $51.22.

Insider Buying and Selling at Monster Beverage

In other news, CFO Thomas J. Kelly sold 10,000 shares of the firm’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 sale, the chief financial officer now directly owns 74,924 shares in the company, valued at approximately $3,944,748.60. This trade represents a 11.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 7.80% of the company’s stock.

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.