One Wealth Capital Management LLC Buys Shares of 4,608 Monster Beverage Co. (NASDAQ:MNST)

One Wealth Capital Management LLC purchased 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 SEC. The institutional investor purchased 4,608 shares of the company’s stock, valued at approximately $242,000.

Several other large investors also recently added to or reduced their stakes in MNST. Commonwealth Equity Services LLC increased its stake in shares of Monster Beverage by 5.0% in the second quarter. Commonwealth Equity Services LLC now owns 59,920 shares of the company’s stock worth $2,993,000 after purchasing an additional 2,828 shares in the last quarter. Acadian Asset Management LLC grew its stake in Monster Beverage by 735.8% in the 2nd quarter. Acadian Asset Management LLC now owns 23,470 shares of the company’s stock valued at $1,171,000 after buying an additional 20,662 shares in the last quarter. Caprock Group LLC raised its holdings in Monster Beverage by 43.3% during the 2nd quarter. Caprock Group LLC now owns 13,324 shares of the company’s stock valued at $666,000 after acquiring an additional 4,025 shares during the period. Quest Partners LLC lifted its position in shares of Monster Beverage by 382.9% during the second quarter. Quest Partners LLC now owns 49,000 shares of the company’s stock worth $2,448,000 after acquiring an additional 38,852 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its position in shares of Monster Beverage by 3.2% during the second quarter. Ashton Thomas Private Wealth LLC now owns 13,727 shares of the company’s stock worth $686,000 after acquiring an additional 420 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

MNST traded down $0.22 during midday trading on Tuesday, hitting $51.65. The stock had a trading volume of 2,091,084 shares, compared to its average volume of 3,297,060. 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. The business has a fifty day moving average of $53.37 and a 200 day moving average of $51.24. The company has a market cap of $50.23 billion, a P/E ratio of 33.11, a price-to-earnings-growth ratio of 2.52 and a beta of 0.74.

Insider Activity

In other news, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $52.65, for a total value 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. The trade was a 11.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 7.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on MNST. UBS Group boosted their price objective on Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Needham & Company LLC began coverage on Monster Beverage in a research report on Friday, December 6th. They set a “hold” rating on the stock. JPMorgan Chase & Co. cut their price objective on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Stifel Nicolaus boosted their price objective on shares of Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $56.30.

Monster Beverage 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.