AlphaStar Capital Management LLC Grows Position in Monster Beverage Co. (NASDAQ:MNST)

AlphaStar Capital Management LLC lifted its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 11.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,484 shares of the company’s stock after purchasing an additional 2,421 shares during the quarter. AlphaStar Capital Management LLC’s holdings in Monster Beverage were worth $1,234,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Janus Henderson Group PLC increased its holdings in Monster Beverage by 109.3% in the third quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock valued at $1,176,913,000 after buying an additional 11,779,162 shares in the last quarter. Montrusco Bolton Investments Inc. boosted its position in Monster Beverage by 250.9% during the fourth quarter. Montrusco Bolton Investments Inc. now owns 3,468,660 shares of the company’s stock worth $178,801,000 after purchasing an additional 2,480,291 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Monster Beverage by 1,148.0% in the third quarter. Assenagon Asset Management S.A. now owns 2,596,888 shares of the company’s stock valued at $135,480,000 after purchasing an additional 2,388,798 shares during the last quarter. State Street Corp increased its position in shares of Monster Beverage by 6.9% in the third quarter. State Street Corp now owns 33,742,390 shares of the company’s stock valued at $1,760,341,000 after buying an additional 2,168,379 shares in the last quarter. Finally, Holocene Advisors LP purchased a new stake in shares of Monster Beverage in the 3rd quarter worth about $73,600,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $46.57 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The company has a market capitalization of $45.29 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 1.96 and a beta of 0.74. The business has a 50-day moving average of $50.85 and a 200-day moving average of $51.04.

Analysts Set New Price Targets

MNST has been the subject of several recent research reports. Needham & Company LLC initiated coverage on shares of Monster Beverage in a report on Friday, December 6th. They set a “hold” rating for the company. Argus boosted their price target on Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $59.00 price objective on shares of Monster Beverage in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, TD Cowen raised their target price on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Two investment 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. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $55.42.

Insiders Place Their Bets

In other news, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction on 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 of the company’s stock, 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 document filed with the SEC, which is available at this hyperlink. 7.80% of the stock is owned by company insiders.

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.