One Wealth Capital Management LLC Purchases Shares of 4,608 Monster Beverage Co. (NASDAQ:MNST)

One Wealth Capital Management LLC acquired a new stake in Monster Beverage Co. (NASDAQ:MNST) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,608 shares of the company’s stock, valued at approximately $242,000.

A number of other hedge funds have also recently modified their holdings of the company. Dai ichi Life Insurance Company Ltd grew its stake in shares of Monster Beverage by 2.3% in the second quarter. Dai ichi Life Insurance Company Ltd now owns 23,858 shares of the company’s stock worth $1,192,000 after purchasing an additional 532 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Monster Beverage by 6.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 251,570 shares of the company’s stock worth $13,124,000 after buying an additional 15,611 shares during the period. Daiwa Securities Group Inc. grew its position 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 worth $7,897,000 after buying an additional 9,496 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in shares of Monster Beverage during the third quarter valued at approximately $630,000. Finally, Wellington Management Group LLP raised its holdings in shares of Monster Beverage by 18.1% during the third quarter. Wellington Management Group LLP now owns 3,898,127 shares of the company’s stock valued at $203,365,000 after acquiring an additional 596,078 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insider Activity

In other news, CFO Thomas J. Kelly sold 10,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was 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 $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 the SEC website. Corporate insiders own 7.80% of the company’s stock.

Monster Beverage Stock Down 0.4 %

MNST stock traded down $0.22 during trading on Tuesday, hitting $51.65. 2,091,084 shares of the stock traded hands, compared to its average volume of 3,297,060. 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 stock has a market cap of $50.23 billion, a price-to-earnings ratio of 33.11, a price-to-earnings-growth ratio of 2.52 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. The firm’s 50 day moving average is $53.37 and its two-hundred day moving average is $51.24.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MNST. UBS Group lifted their price target on shares of Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Bank of America boosted their price target on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Needham & Company LLC began coverage on Monster Beverage in a research report on Friday, December 6th. They set a “hold” rating on the stock. Finally, Stifel Nicolaus upped 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 investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.30.

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.