Sapient Capital LLC Purchases 228 Shares of Monster Beverage Co. (NASDAQ:MNST)

Sapient Capital LLC boosted its position in Monster Beverage Co. (NASDAQ:MNST) by 0.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 46,082 shares of the company’s stock after buying an additional 228 shares during the quarter. Sapient Capital LLC’s holdings in Monster Beverage were worth $2,422,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MNST. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Monster Beverage by 62.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock worth $28,000 after purchasing an additional 203 shares in the last quarter. Spire Wealth Management bought a new stake in Monster Beverage in the 4th quarter worth approximately $29,000. Retirement Wealth Solutions LLC purchased a new stake in Monster Beverage during the 4th quarter valued at $30,000. Geneos Wealth Management Inc. bought a new position in shares of Monster Beverage during the 4th quarter valued at $33,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Monster Beverage by 16,085.7% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock worth $59,000 after buying an additional 1,126 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Performance

Shares of Monster Beverage stock opened at $47.81 on Tuesday. The firm has a market capitalization of $46.50 billion, a P/E ratio of 30.65, a PEG ratio of 1.96 and a beta of 0.74. The company has a 50 day moving average price of $50.85 and a 200 day moving average price of $51.06. 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.

Wall Street Analyst Weigh In

MNST has been the subject of several analyst reports. BNP Paribas reduced their target price on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft dropped 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. Wells Fargo & Company increased their price objective on shares of Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Bank of America upped their target price on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, 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 research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Monster Beverage currently has an average rating of “Hold” and a consensus price target of $55.42.

Insider Transactions at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $52.65, for a total value of $526,500.00. Following the transaction, the chief financial officer now directly owns 74,924 shares of the company’s stock, valued at $3,944,748.60. This trade represents a 11.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.