Crestwood Advisors Group LLC Acquires Shares of 4,633 Monster Beverage Co. (NASDAQ:MNST)

Crestwood Advisors Group LLC acquired a new stake in shares of Monster Beverage Co. (NASDAQ:MNST) during the fourth quarter, HoldingsChannel reports. The fund acquired 4,633 shares of the company’s stock, valued at approximately $244,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. boosted its holdings 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 buying 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 $29,000. Retirement Wealth Solutions LLC bought a new stake in shares of Monster Beverage during the 4th quarter valued at $30,000. Geneos Wealth Management Inc. bought a new stake 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 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 purchasing an additional 1,126 shares in the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Thomas J. Kelly sold 10,000 shares of the company’s 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 sale, the chief financial officer now owns 74,924 shares of the company’s stock, valued at $3,944,748.60. This represents a 11.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MNST. JPMorgan Chase & Co. dropped their price target on shares of Monster Beverage from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Needham & Company LLC began coverage on shares of Monster Beverage in a research note on Friday, December 6th. They issued a “hold” rating on the stock. UBS Group dropped their price target on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company upped their price target on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Monster Beverage has an average rating of “Hold” and a consensus target price of $55.53.

Monster Beverage Price Performance

NASDAQ MNST opened at $51.64 on Thursday. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.22. The firm has a market capitalization of $50.22 billion, a P/E ratio of 33.10, a PEG ratio of 2.28 and a beta of 0.74. 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 company has a 50-day moving average price of $50.19 and a 200-day moving average price of $51.08.

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.