Baker Tilly Wealth Management LLC Has $917,000 Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Baker Tilly Wealth Management LLC increased its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,455 shares of the company’s stock after acquiring an additional 1,021 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Monster Beverage were worth $917,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its stake in Monster Beverage by 5.0% during the second quarter. Commonwealth Equity Services LLC now owns 59,920 shares of the company’s stock worth $2,993,000 after acquiring an additional 2,828 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Monster Beverage by 735.8% during the 2nd quarter. Acadian Asset Management LLC now owns 23,470 shares of the company’s stock worth $1,171,000 after purchasing an additional 20,662 shares in the last quarter. Caprock Group LLC lifted its holdings in Monster Beverage by 43.3% during the 2nd quarter. Caprock Group LLC now owns 13,324 shares of the company’s stock valued at $666,000 after purchasing an additional 4,025 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its position in Monster Beverage by 3.2% in the second quarter. Ashton Thomas Private Wealth LLC now owns 13,727 shares of the company’s stock valued at $686,000 after buying an additional 420 shares in the last quarter. Finally, Wedbush Securities Inc. bought a new stake in Monster Beverage during the second quarter worth about $408,000. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Performance

Shares of NASDAQ MNST traded down $1.26 during trading hours on Friday, reaching $50.34. 891,970 shares of the stock were exchanged, compared to its average volume of 3,316,031. 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 stock’s fifty day simple moving average is $53.31 and its 200 day simple moving average is $51.26. 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 $48.96 billion, a price-to-earnings ratio of 32.27, a P/E/G ratio of 2.52 and a beta of 0.74.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Argus lifted their price objective on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. BNP Paribas decreased their target price on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a report on Thursday, December 19th. UBS Group upped their price target on Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $56.30.

Insider Activity at Monster Beverage

In other news, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $52.65, for a total value of $526,500.00. Following the completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.80% of the stock is currently owned by corporate insiders.

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.