Versant Capital Management Inc Has $62,000 Holdings in Monster Beverage Co. (NASDAQ:MNST)

Versant Capital Management Inc increased its position in Monster Beverage Co. (NASDAQ:MNST) by 84.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,185 shares of the company’s stock after purchasing an additional 544 shares during the period. Versant Capital Management Inc’s holdings in Monster Beverage were worth $62,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of Monster Beverage by 11.6% in the third quarter. Principal Financial Group Inc. now owns 1,363,935 shares of the company’s stock worth $71,156,000 after buying an additional 141,495 shares during the period. American Trust acquired a new stake in Monster Beverage during the 3rd quarter worth about $687,000. Peapack Gladstone Financial Corp grew its stake in Monster Beverage by 22.9% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 6,064 shares of the company’s stock valued at $316,000 after acquiring an additional 1,131 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Monster Beverage in the 3rd quarter valued at about $307,000. Finally, Pine Valley Investments Ltd Liability Co lifted its position in shares of Monster Beverage by 10.4% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 7,071 shares of the company’s stock worth $369,000 after purchasing an additional 664 shares in the last quarter. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now directly owns 74,924 shares in the company, valued at $3,944,748.60. This trade represents a 11.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. BNP Paribas lowered their price target on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a report on Thursday, December 19th. Argus increased their price objective on Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. TD Cowen boosted their target price on Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Finally, UBS Group upped their target price on Monster Beverage from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Monster Beverage presently has an average rating of “Moderate Buy” and an average target price of $56.30.

Monster Beverage Trading Up 0.2 %

Monster Beverage stock opened at $52.39 on Monday. The business’s 50-day simple moving average is $53.40 and its 200-day simple moving average is $51.22. 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 $50.95 billion, a PE ratio of 33.58, a PEG ratio of 2.49 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13.

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.