Mendota Financial Group LLC Sells 828 Shares of Monster Beverage Co. (NASDAQ:MNST)

Mendota Financial Group LLC decreased its position in Monster Beverage Co. (NASDAQ:MNST) by 26.5% during the 4th quarter, Holdings Channel reports. The firm owned 2,295 shares of the company’s stock after selling 828 shares during the quarter. Mendota Financial Group LLC’s holdings in Monster Beverage were worth $121,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MNST. University of Texas Texas AM Investment Management Co. bought a new stake in Monster Beverage during the second quarter worth about $30,000. 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 acquiring an additional 497 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in 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 worth $59,000 after acquiring an additional 1,126 shares during the last quarter. Versant Capital Management Inc increased its holdings in Monster Beverage by 84.9% during the 4th quarter. Versant Capital Management Inc now owns 1,185 shares of the company’s stock valued at $62,000 after purchasing an additional 544 shares in the last quarter. Finally, DT Investment Partners LLC raised its position in Monster Beverage by 38.6% in the 3rd quarter. DT Investment Partners LLC now owns 1,386 shares of the company’s stock valued at $72,000 after purchasing an additional 386 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Buying and Selling at Monster Beverage

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

Monster Beverage Stock Up 0.5 %

Shares of MNST stock opened at $49.99 on Tuesday. The company has a market capitalization of $48.62 billion, a price-to-earnings ratio of 32.05, a P/E/G ratio of 2.52 and a beta of 0.74. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22. The firm has a fifty day moving average of $53.18 and a 200-day moving average of $51.27. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13.

Analysts Set New Price Targets

Several research analysts recently weighed in on MNST shares. BNP Paribas dropped their price objective on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a research report on Thursday, December 19th. Wells Fargo & Company lifted their target price on Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Needham & Company LLC assumed coverage on Monster Beverage in a research note on Friday, December 6th. They set a “hold” rating on the stock. Bank of America lifted their price objective on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus upped their target price on shares of Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Two equities research 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.