Elevated Capital Advisors LLC Purchases New Position in Monster Beverage Co. (NASDAQ:MNST)

Elevated Capital Advisors LLC bought a new stake in shares of Monster Beverage Co. (NASDAQ:MNST) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,953 shares of the company’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. University of Texas Texas AM Investment Management Co. bought a new position in Monster Beverage during the 2nd quarter valued at about $30,000. Quarry LP lifted its position in Monster Beverage by 152.0% during the second quarter. Quarry LP now owns 824 shares of the company’s stock valued at $41,000 after purchasing an additional 497 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its holdings in 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 worth $59,000 after purchasing an additional 1,126 shares during the last quarter. Versant Capital Management Inc grew its position in Monster Beverage by 84.9% in the 4th quarter. Versant Capital Management Inc now owns 1,185 shares of the company’s stock worth $62,000 after purchasing an additional 544 shares during the period. Finally, DT Investment Partners LLC raised its stake in Monster Beverage by 38.6% during the 3rd quarter. DT Investment Partners LLC now owns 1,386 shares of the company’s stock valued at $72,000 after buying an additional 386 shares during 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 the stock in a transaction dated 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 approximately $3,944,748.60. This trade represents a 11.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.80% of the company’s stock.

Monster Beverage Trading Up 0.5 %

MNST stock opened at $49.99 on Tuesday. The firm has a market cap of $48.62 billion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 2.52 and a beta of 0.74. The firm has a fifty day moving average price of $53.18 and a 200 day moving average price of $51.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MNST shares. Argus lifted their price objective on Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft reduced their price target 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. Stifel Nicolaus raised their price objective on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Needham & Company LLC began coverage on shares of Monster Beverage in a research report on Friday, December 6th. They issued a “hold” rating on the stock. Finally, 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.30.

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.