Outlook Wealth Advisors LLC Has $422,000 Holdings in Monster Beverage Co. (NASDAQ:MNST)

Outlook Wealth Advisors LLC raised its holdings in Monster Beverage Co. (NASDAQ:MNST) by 19.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,036 shares of the company’s stock after acquiring an additional 1,322 shares during the period. Outlook Wealth Advisors LLC’s holdings in Monster Beverage were worth $422,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. grew its holdings in shares of Monster Beverage by 6.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 251,570 shares of the company’s stock valued at $13,124,000 after purchasing an additional 15,611 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Monster Beverage by 6.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 151,364 shares of the company’s stock valued at $7,897,000 after purchasing an additional 9,496 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Monster Beverage during the third quarter worth $630,000. Diversified Trust Co bought a new position in Monster Beverage during the fourth quarter worth $733,000. Finally, Wellington Management Group LLP lifted its holdings in Monster Beverage by 18.1% in the third quarter. Wellington Management Group LLP now owns 3,898,127 shares of the company’s stock valued at $203,365,000 after buying an additional 596,078 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Trading Down 1.7 %

Shares of MNST stock opened at $49.26 on Thursday. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22. 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 of $53.10 and a 200-day moving average of $51.27. The firm has a market cap of $47.91 billion, a P/E ratio of 31.58, a PEG ratio of 2.10 and a beta of 0.74.

Insider Buying and Selling at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $52.65, for a total value of $526,500.00. Following the sale, 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 legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

MNST has been the topic of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. BNP Paribas cut their price target on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a report on Thursday, December 19th. Bank of America boosted their price objective on Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Needham & Company LLC assumed coverage on shares of Monster Beverage in a research report on Friday, December 6th. They issued a “hold” rating for the company. Finally, Stifel Nicolaus boosted their price target on shares of Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research note 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 company. According to MarketBeat, Monster Beverage has a consensus rating of “Moderate Buy” and a consensus target price of $56.30.

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.