Mendota Financial Group LLC Has $121,000 Position in Monster Beverage Co. (NASDAQ:MNST)

Mendota Financial Group LLC lowered its holdings in Monster Beverage Co. (NASDAQ:MNST) by 26.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,295 shares of the company’s stock after selling 828 shares during the period. Mendota Financial Group LLC’s holdings in Monster Beverage were worth $121,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. University of Texas Texas AM Investment Management Co. purchased a new stake in Monster Beverage in the 2nd quarter worth approximately $30,000. Quarry LP boosted its position in Monster Beverage by 152.0% during the second 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. E Fund Management Hong Kong Co. Ltd. increased its position 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 during the last quarter. Versant Capital Management Inc raised its stake in shares of Monster Beverage by 84.9% during the 4th quarter. Versant Capital Management Inc now owns 1,185 shares of the company’s stock worth $62,000 after purchasing an additional 544 shares in the last quarter. Finally, DT Investment Partners LLC lifted its holdings in shares of Monster Beverage by 38.6% during the 3rd quarter. DT Investment Partners LLC now owns 1,386 shares of the company’s stock valued at $72,000 after buying an additional 386 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Trading Up 0.5 %

Monster Beverage stock opened at $49.99 on Tuesday. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.22. The stock has a market cap of $48.62 billion, a price-to-earnings ratio of 32.05, a price-to-earnings-growth ratio of 2.52 and a beta of 0.74. The business has a 50 day moving average price of $53.18 and a two-hundred day moving average price of $51.27. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13.

Wall Street Analyst Weigh In

MNST has been the topic of several recent research reports. UBS Group raised their price objective on shares of Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Wells Fargo & Company lifted their price objective 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. BNP Paribas lowered their target price on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a research report on Thursday, December 19th. Stifel Nicolaus boosted their price target on Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. lowered their price objective on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.30.

Insider Activity at Monster Beverage

In related 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 value of $526,500.00. Following the sale, the chief financial officer now owns 74,924 shares of the company’s stock, valued at $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 is available through this hyperlink. 7.80% of the stock is currently owned by corporate insiders.

Monster Beverage 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.