Entropy Technologies LP Buys New Position in Monster Beverage Co. (NASDAQ:MNST)

Entropy Technologies LP bought a new stake in shares of Monster Beverage Co. (NASDAQ:MNST) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,725 shares of the company’s stock, valued at approximately $301,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Monster Beverage by 62.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after purchasing an additional 203 shares in the last quarter. Spire Wealth Management bought a new stake in shares of Monster Beverage during the 4th quarter valued at about $29,000. Retirement Wealth Solutions LLC bought a new stake in shares of Monster Beverage during the 4th quarter valued at about $30,000. Geneos Wealth Management Inc. bought a new stake in shares of Monster Beverage during the 4th quarter valued at about $33,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its holdings in Monster Beverage by 16,085.7% in the third 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 in the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Performance

Shares of MNST opened at $49.52 on Friday. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $48.16 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 1.96 and a beta of 0.74. The stock has a 50 day moving average of $50.47 and a 200 day moving average of $51.00. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.22.

Analyst Ratings Changes

Several brokerages have issued reports on MNST. BNP Paribas cut their price target on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft cut their price target on Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, November 8th. TD Cowen increased their price target on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, November 11th. UBS Group cut their price target on Monster Beverage from $57.00 to $53.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Stifel Nicolaus increased their price target on Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $55.53.

Insider Activity at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 74,924 shares of the company’s stock, valued at approximately $3,944,748.60. This trade represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.80% of the stock is currently owned by company insiders.

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.