KFG Wealth Management LLC Purchases 808 Shares of Monster Beverage Co. (NASDAQ:MNST)

KFG Wealth Management LLC boosted its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 9.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 9,583 shares of the company’s stock after purchasing an additional 808 shares during the period. KFG Wealth Management LLC’s holdings in Monster Beverage were worth $504,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MNST. CWA Asset Management Group LLC raised its holdings in shares of Monster Beverage by 3.1% during the 4th quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company’s stock valued at $367,000 after purchasing an additional 213 shares in the last quarter. Accretive Wealth Partners LLC increased its position in Monster Beverage by 1.3% during the third quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company’s stock worth $930,000 after buying an additional 225 shares during the last quarter. UMB Bank n.a. raised its holdings in Monster Beverage by 20.6% during the third quarter. UMB Bank n.a. now owns 1,412 shares of the company’s stock valued at $74,000 after buying an additional 241 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Monster Beverage by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 39,187 shares of the company’s stock worth $2,045,000 after buying an additional 259 shares during the last quarter. Finally, Great Valley Advisor Group Inc. boosted its stake in shares of Monster Beverage by 1.8% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 14,642 shares of the company’s stock worth $764,000 after acquiring an additional 262 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Stock Performance

Shares of NASDAQ MNST opened at $48.28 on Friday. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $52.16 and a 200 day simple moving average of $51.22. The firm has a market capitalization of $46.95 billion, a price-to-earnings ratio of 30.95, a PEG ratio of 2.08 and a beta of 0.74.

Insider Activity

In related news, CFO Thomas J. Kelly sold 10,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MNST shares. Argus raised their price objective on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. TD Cowen lifted their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Wells Fargo & Company upped their price objective on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. dropped their target price 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. Finally, Bank of America upped their price target on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Two equities 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $55.42.

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.