Regent Peak Wealth Advisors LLC Makes New $207,000 Investment in Monster Beverage Co. (NASDAQ:MNST)

Regent Peak Wealth Advisors LLC acquired a new position in Monster Beverage Co. (NASDAQ:MNST) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,936 shares of the company’s stock, valued at approximately $207,000.

Other large investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its position in shares of Monster Beverage by 109.3% during the 3rd quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock valued at $1,176,913,000 after acquiring an additional 11,779,162 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Monster Beverage by 1,148.0% during the third quarter. Assenagon Asset Management S.A. now owns 2,596,888 shares of the company’s stock valued at $135,480,000 after purchasing an additional 2,388,798 shares during the last quarter. State Street Corp lifted its position in Monster Beverage by 6.9% during the third quarter. State Street Corp now owns 33,742,390 shares of the company’s stock valued at $1,760,341,000 after purchasing an additional 2,168,379 shares during the last quarter. Holocene Advisors LP bought a new position in shares of Monster Beverage in the 3rd quarter worth $73,600,000. Finally, Loomis Sayles & Co. L P raised its position in shares of Monster Beverage by 4.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock valued at $1,416,048,000 after buying an additional 1,229,789 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage 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 sale, the chief financial officer now directly owns 74,924 shares in the company, 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 document filed with the SEC, which is available through this hyperlink. Company insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

MNST has been the subject of several research reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Wells Fargo & Company boosted their target price on Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. UBS Group reduced their price target on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. TD Cowen boosted their price objective on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, Bank of America increased their target price 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 issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $55.47.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $49.42 on Tuesday. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The stock has a market capitalization of $48.06 billion, a P/E ratio of 31.68, a P/E/G ratio of 2.10 and a beta of 0.74. The company’s 50-day moving average is $52.80 and its 200 day moving average is $51.27. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51.

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.