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

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

Several other institutional investors also recently added to or reduced their stakes in MNST. CWA Asset Management Group LLC boosted its holdings in Monster Beverage by 3.1% in the 4th quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company’s stock valued at $367,000 after purchasing an additional 213 shares during the period. Accretive Wealth Partners LLC lifted its stake in shares of Monster Beverage by 1.3% in the third quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company’s stock valued at $930,000 after buying an additional 225 shares during the period. Ieq Capital LLC grew its position in Monster Beverage by 0.3% during the second quarter. Ieq Capital LLC now owns 68,735 shares of the company’s stock worth $3,433,000 after buying an additional 232 shares in the last quarter. UMB Bank n.a. grew its position in Monster Beverage by 20.6% during the third quarter. UMB Bank n.a. now owns 1,412 shares of the company’s stock worth $74,000 after buying an additional 241 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Monster Beverage by 0.7% during the third quarter. Thrivent Financial for Lutherans now owns 39,187 shares of the company’s stock valued at $2,045,000 after acquiring an additional 259 shares during the period. 72.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MNST has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Bank of America increased their price objective on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Needham & Company LLC started coverage on shares of Monster Beverage in a research report on Friday, December 6th. They set a “hold” rating on the stock. TD Cowen increased their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, BNP Paribas cut their price target on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Monster Beverage currently has a consensus rating of “Moderate Buy” and an average target price of $56.30.

Monster Beverage Trading Up 0.4 %

NASDAQ MNST traded up $0.19 on Tuesday, reaching $52.06. The company had a trading volume of 1,075,349 shares, compared to its average volume of 3,085,600. The stock has a market cap of $50.63 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 2.52 and a beta of 0.74. The stock’s 50 day moving average is $53.37 and its 200-day moving average is $51.24. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.22.

Insider Activity at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of the 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 sale, the chief financial officer now directly owns 74,924 shares of the company’s stock, valued at approximately $3,944,748.60. This represents a 11.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 7.80% of the company’s stock.

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.