Marshall Financial Group LLC Has $1.92 Million Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Marshall Financial Group LLC boosted its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,577 shares of the company’s stock after purchasing an additional 1,050 shares during the period. Marshall Financial Group LLC’s holdings in Monster Beverage were worth $1,922,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. CWA Asset Management Group LLC lifted its holdings in Monster Beverage by 3.1% during the 4th quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company’s stock worth $367,000 after buying an additional 213 shares in the last quarter. Accretive Wealth Partners LLC raised its position in shares of Monster Beverage by 1.3% during the third quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company’s stock worth $930,000 after acquiring an additional 225 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Monster Beverage by 20.6% during the third quarter. UMB Bank n.a. now owns 1,412 shares of the company’s stock valued at $74,000 after acquiring an additional 241 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Monster Beverage by 0.7% in 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 last quarter. Finally, Great Valley Advisor Group Inc. increased its position in Monster Beverage by 1.8% in the third quarter. Great Valley Advisor Group Inc. now owns 14,642 shares of the company’s stock worth $764,000 after purchasing an additional 262 shares during the period. 72.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. UBS Group cut their target price 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 raised their price objective on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Needham & Company LLC initiated coverage on shares of Monster Beverage in a report on Friday, December 6th. They set a “hold” rating for the company. Stifel Nicolaus increased their price target on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Monster Beverage currently has an average rating of “Hold” and a consensus price target of $55.42.

Insider Activity at Monster Beverage

In other 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 transaction of $526,500.00. Following the completion of the transaction, the chief financial officer now directly owns 74,924 shares in the company, valued at $3,944,748.60. This represents a 11.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 7.80% of the stock is owned by insiders.

Monster Beverage Price Performance

MNST stock opened at $48.28 on Friday. The stock has a market cap of $46.95 billion, a PE ratio of 30.95, a price-to-earnings-growth ratio of 2.08 and a beta of 0.74. The stock has a 50-day moving average price of $52.16 and a two-hundred day moving average price of $51.22. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13.

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.