Wilmington Savings Fund Society FSB Purchases Shares of 5,879 Monster Beverage Co. (NASDAQ:MNST)

Wilmington Savings Fund Society FSB purchased a new stake in Monster Beverage Co. (NASDAQ:MNST) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,879 shares of the company’s stock, valued at approximately $307,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stephens Consulting LLC bought a new stake in shares of Monster Beverage in the 2nd quarter valued at $26,000. Kings Path Partners LLC bought a new stake in shares of Monster Beverage in the 2nd quarter valued at $30,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Monster Beverage in the 2nd quarter valued at $30,000. Quarry LP boosted its stake in shares of Monster Beverage by 152.0% in the 2nd quarter. Quarry LP now owns 824 shares of the company’s stock valued at $41,000 after purchasing an additional 497 shares during the last quarter. Finally, Crewe Advisors LLC boosted its stake in shares of Monster Beverage by 37.5% in the 2nd quarter. Crewe Advisors LLC now owns 850 shares of the company’s stock valued at $42,000 after purchasing an additional 232 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Price Performance

Shares of NASDAQ:MNST opened at $51.95 on Wednesday. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $50.52 billion, a PE ratio of 33.30, a P/E/G ratio of 2.49 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 50-day moving average price of $53.52 and a two-hundred day moving average price of $51.06.

Insiders Place Their Bets

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction dated Friday, December 13th. The shares were 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 owns 74,924 shares in the company, valued at $3,944,748.60. This trade represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on MNST. TD Cowen upped their price objective on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Stifel Nicolaus increased their target price 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. Deutsche Bank Aktiengesellschaft cut their target price on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Bank of America increased their target price on shares of Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, UBS Group increased their target price 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.45.

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.