Apollon Wealth Management LLC Raises Stake in Monster Beverage Co. (NASDAQ:MNST)

Apollon Wealth Management LLC boosted its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 7.9% during the 4th quarter, HoldingsChannel reports. The firm owned 14,496 shares of the company’s stock after purchasing an additional 1,067 shares during the period. Apollon Wealth Management LLC’s holdings in Monster Beverage were worth $762,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. grew its position in Monster Beverage by 62.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock worth $28,000 after purchasing an additional 203 shares during the last quarter. Spire Wealth Management purchased a new stake in shares of Monster Beverage in the fourth quarter valued at about $29,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Monster Beverage in the fourth quarter valued at about $30,000. Geneos Wealth Management Inc. purchased a new stake in shares of Monster Beverage in the fourth quarter valued at about $33,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Monster Beverage by 16,085.7% in 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 acquiring an additional 1,126 shares in the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Stock Performance

Shares of MNST opened at $48.17 on Thursday. 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 market cap of $46.85 billion, a P/E ratio of 30.88, a PEG ratio of 1.96 and a beta of 0.74. The company has a 50-day moving average of $50.58 and a two-hundred day moving average of $51.02. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22.

Analyst Ratings Changes

Several analysts have recently weighed in on MNST shares. Stifel Nicolaus lifted their target price on shares of Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 8th. TD Cowen lifted their target price on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, November 11th. Argus lifted 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. Needham & Company LLC started coverage on shares of Monster Beverage in a report on Friday, December 6th. They issued a “hold” rating on the stock. 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 report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $55.53.

Insiders Place Their Bets

In other news, CFO Thomas J. Kelly sold 10,000 shares of the business’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 completion of the transaction, the chief financial officer now owns 74,924 shares of the company’s stock, valued at $3,944,748.60. The trade was a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 7.80% of the stock is currently owned by company insiders.

Monster Beverage Company 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.