Hantz Financial Services Inc. Acquires 2,251 Shares of Monster Beverage Co. (NASDAQ:MNST)

Hantz Financial Services Inc. boosted its holdings in Monster Beverage Co. (NASDAQ:MNST) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 57,732 shares of the company’s stock after purchasing an additional 2,251 shares during the quarter. Hantz Financial Services Inc.’s holdings in Monster Beverage were worth $3,034,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Monster Beverage in the 2nd quarter worth approximately $30,000. Retirement Wealth Solutions LLC purchased a new stake in Monster Beverage during the 4th quarter valued at about $30,000. Geneos Wealth Management Inc. bought a new stake in Monster Beverage during the 4th quarter valued at about $33,000. Quarry LP lifted its stake in shares of Monster Beverage by 152.0% in the second quarter. Quarry LP now owns 824 shares of the company’s stock worth $41,000 after buying an additional 497 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Monster Beverage by 16,085.7% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock valued at $59,000 after buying an additional 1,126 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Performance

Shares of NASDAQ MNST opened at $49.36 on Friday. The company has a market cap of $48.00 billion, a P/E ratio of 31.64, a P/E/G ratio of 2.08 and a beta of 0.74. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week 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 firm’s fifty day moving average is $51.89 and its two-hundred day moving average is $51.20.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MNST shares. Royal Bank of Canada restated an “outperform” rating and issued a $59.00 price objective on shares of Monster Beverage in a report on Wednesday, January 22nd. Argus upped their price target on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. UBS Group decreased their target price 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. Stifel Nicolaus increased their price target on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Needham & Company LLC began coverage on shares of Monster Beverage in a report on Friday, December 6th. They issued a “hold” rating on the stock. Two 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 MarketBeat.com, Monster Beverage presently has an average rating of “Hold” and an average price target of $55.42.

Insider Transactions at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 74,924 shares in the company, valued at $3,944,748.60. This trade represents a 11.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 7.80% of the company’s stock.

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.