Wingate Wealth Advisors Inc. Invests $67,000 in Monster Beverage Co. (NASDAQ:MNST)

Wingate Wealth Advisors Inc. purchased a new position in shares of Monster Beverage Co. (NASDAQ:MNST) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,270 shares of the company’s stock, valued at approximately $67,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Monster Beverage by 62.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock worth $28,000 after buying an additional 203 shares in the last quarter. Spire Wealth Management bought a new position in Monster Beverage during the 4th quarter valued at $29,000. Retirement Wealth Solutions LLC bought a new position in Monster Beverage during the 4th quarter valued at $30,000. Geneos Wealth Management Inc. bought a new position in Monster Beverage during the 4th quarter valued at $33,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake 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 valued at $59,000 after purchasing an additional 1,126 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage 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 completion of the sale, the chief financial officer now owns 74,924 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Insiders own 7.80% of the company’s stock.

Monster Beverage Price Performance

MNST opened at $47.81 on Tuesday. The stock has a market cap of $46.50 billion, a price-to-earnings ratio of 30.65, 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 current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average price of $50.85 and a 200 day moving average price of $51.06.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. TD Cowen increased their price target on Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. cut their price objective on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Bank of America increased their price objective on Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Wells Fargo & Company increased 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. Finally, UBS Group cut their price objective on Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Monster Beverage has a consensus rating of “Hold” and a consensus target price of $55.42.

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.