Outlook Wealth Advisors LLC Buys 1,322 Shares of Monster Beverage Co. (NASDAQ:MNST)

Outlook Wealth Advisors LLC increased its stake in Monster Beverage Co. (NASDAQ:MNST) by 19.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,036 shares of the company’s stock after buying an additional 1,322 shares during the period. Outlook Wealth Advisors LLC’s holdings in Monster Beverage were worth $422,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Nomura Asset Management Co. Ltd. grew its holdings in shares of Monster Beverage by 6.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 251,570 shares of the company’s stock worth $13,124,000 after acquiring an additional 15,611 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Monster Beverage by 6.7% during the third quarter. Daiwa Securities Group Inc. now owns 151,364 shares of the company’s stock valued at $7,897,000 after purchasing an additional 9,496 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in Monster Beverage in the third quarter worth $630,000. Diversified Trust Co purchased a new stake in Monster Beverage in the fourth quarter worth $733,000. Finally, Wellington Management Group LLP lifted its position in Monster Beverage by 18.1% during the third quarter. Wellington Management Group LLP now owns 3,898,127 shares of the company’s stock valued at $203,365,000 after buying an additional 596,078 shares during the period. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Monster Beverage Stock Down 1.7 %

MNST stock opened at $49.26 on Thursday. The business’s 50-day moving average price is $53.10 and its 200-day moving average price is $51.27. The stock has a market cap of $47.91 billion, a P/E ratio of 31.58, a PEG ratio of 2.10 and a beta of 0.74. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13.

Insider Buying and Selling at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage 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 owns 74,924 shares in the company, valued at approximately $3,944,748.60. The trade was a 11.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on MNST. Stifel Nicolaus increased their target price on Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. UBS Group upped their price target on shares of Monster Beverage from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Needham & Company LLC started coverage on shares of Monster Beverage in a research note on Friday, December 6th. They set a “hold” rating for the company. Argus upped their target price on shares of Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, TD Cowen increased their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Monster Beverage presently has an average rating of “Moderate Buy” and an average target price of $56.30.

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.