Empowered Funds LLC Has $1.38 Million Holdings in Monster Beverage Co. (NASDAQ:MNST)

Empowered Funds LLC increased its holdings in Monster Beverage Co. (NASDAQ:MNST) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,293 shares of the company’s stock after purchasing an additional 1,372 shares during the quarter. Empowered Funds LLC’s holdings in Monster Beverage were worth $1,382,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sustainable Insight Capital Management LLC acquired a new stake in shares of Monster Beverage in the fourth quarter valued at about $1,214,000. Nomura Asset Management Co. Ltd. increased its position in 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 period. Daiwa Securities Group Inc. raised its holdings in Monster Beverage by 6.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 151,364 shares of the company’s stock worth $7,897,000 after purchasing an additional 9,496 shares during the last quarter. Miracle Mile Advisors LLC acquired a new position in shares of Monster Beverage in the 4th quarter worth approximately $7,090,000. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of Monster Beverage in the 3rd quarter worth approximately $630,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Monster Beverage

In other news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $52.65, for a total value of $526,500.00. Following the completion of the sale, the chief financial officer now directly owns 74,924 shares of the company’s stock, valued at $3,944,748.60. This represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. TD Cowen increased their price objective 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. Wells Fargo & Company increased their price target on Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $59.00 price objective on shares of Monster Beverage in a research note on Wednesday, January 22nd. UBS Group cut their target price on Monster Beverage from $57.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Stifel Nicolaus lifted their target price on Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $55.53.

Monster Beverage Stock Down 0.5 %

Shares of NASDAQ MNST opened at $49.25 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The company has a 50-day moving average price of $50.34 and a 200-day moving average price of $50.97. The stock has a market capitalization of $47.90 billion, a P/E ratio of 31.57, a P/E/G ratio of 1.96 and a beta of 0.74. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22.

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.