Invesco LLC Increases Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Invesco LLC increased its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 9.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,970 shares of the company’s stock after purchasing an additional 3,565 shares during the quarter. Monster Beverage makes up about 0.9% of Invesco LLC’s holdings, making the stock its 29th biggest position. Invesco LLC’s holdings in Monster Beverage were worth $2,153,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. purchased a new position in Monster Beverage in the second quarter valued at about $30,000. Retirement Wealth Solutions LLC bought a new position in Monster Beverage during the fourth quarter valued at $30,000. Geneos Wealth Management Inc. purchased a new stake in Monster Beverage in the fourth quarter worth $33,000. Quarry LP raised its stake in shares of Monster Beverage by 152.0% in the second quarter. Quarry LP now owns 824 shares of the company’s stock valued at $41,000 after buying an additional 497 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Monster Beverage by 16,085.7% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock valued at $59,000 after buying an additional 1,126 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $52.65, for a total transaction of $526,500.00. Following the transaction, the chief financial officer now directly owns 74,924 shares of the company’s stock, valued at approximately $3,944,748.60. The trade was a 11.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MNST shares. Royal Bank of Canada restated an “outperform” rating and issued a $59.00 price objective on shares of Monster Beverage in a research note on Wednesday, January 22nd. UBS Group cut their price objective on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Wells Fargo & Company boosted their target price on shares of Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price target on Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, Bank of America raised their target price on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Two equities 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $55.42.

Monster Beverage Trading Up 0.3 %

Monster Beverage stock traded up $0.14 during trading hours on Wednesday, reaching $48.79. The company had a trading volume of 554,878 shares, compared to its average volume of 6,261,079. 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 Co. has a 12-month low of $43.32 and a 12-month high of $61.22. The firm has a market cap of $47.45 billion, a price-to-earnings ratio of 31.28, a P/E/G ratio of 2.08 and a beta of 0.74. The company has a 50-day moving average price of $51.98 and a 200 day moving average price of $51.22.

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.