RDA Financial Network Boosts Stock Position in Monster Beverage Co. (NASDAQ:MNST)

RDA Financial Network lifted its position in Monster Beverage Co. (NASDAQ:MNST) by 16.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,320 shares of the company’s stock after purchasing an additional 3,667 shares during the quarter. RDA Financial Network’s holdings in Monster Beverage were worth $1,383,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWA Asset Management Group LLC lifted its stake in Monster Beverage by 3.1% during the 4th quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company’s stock valued at $367,000 after acquiring an additional 213 shares during the period. Accretive Wealth Partners LLC boosted its holdings in Monster Beverage by 1.3% in the third quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company’s stock valued at $930,000 after purchasing an additional 225 shares during the last quarter. Ieq Capital LLC grew its position in Monster Beverage by 0.3% during the 2nd quarter. Ieq Capital LLC now owns 68,735 shares of the company’s stock worth $3,433,000 after purchasing an additional 232 shares during the period. UMB Bank n.a. lifted its holdings in shares of Monster Beverage by 20.6% in the 3rd quarter. UMB Bank n.a. now owns 1,412 shares of the company’s stock valued at $74,000 after buying an additional 241 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Monster Beverage by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 39,187 shares of the company’s stock worth $2,045,000 after buying an additional 259 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price target on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Wells Fargo & Company boosted their target price on shares of Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. TD Cowen increased their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Bank of America lifted their price objective on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft lowered 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. Two 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. According to data from MarketBeat.com, Monster Beverage presently has an average rating of “Moderate Buy” and a consensus price target of $56.10.

Insider Activity

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

Monster Beverage Stock Up 0.8 %

NASDAQ MNST opened at $49.65 on Friday. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The business has a fifty day moving average price of $53.00 and a 200 day moving average price of $51.26. The company has a market cap of $48.29 billion, a P/E ratio of 31.83, a P/E/G ratio of 2.10 and a beta of 0.74.

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.