Hantz Financial Services Inc. Buys 2,251 Shares of Monster Beverage Co. (NASDAQ:MNST)

Hantz Financial Services Inc. increased its stake in Monster Beverage Co. (NASDAQ:MNST) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,732 shares of the company’s stock after buying an additional 2,251 shares during the quarter. Hantz Financial Services Inc.’s holdings in Monster Beverage were worth $3,034,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MNST. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Monster Beverage in the 2nd quarter worth about $30,000. Retirement Wealth Solutions LLC purchased a new stake in Monster Beverage in the 4th quarter worth about $30,000. Geneos Wealth Management Inc. purchased a new position in shares of Monster Beverage during the fourth quarter valued at approximately $33,000. Quarry LP grew its stake in shares of Monster Beverage by 152.0% during the second quarter. Quarry LP now owns 824 shares of the company’s stock valued at $41,000 after buying an additional 497 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Monster Beverage by 16,085.7% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock worth $59,000 after buying an additional 1,126 shares during the period. 72.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MNST has been the subject of a number of recent analyst reports. Bank of America boosted their price objective on Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Wells Fargo & Company boosted their price objective on shares of Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. BNP Paribas reduced their target price on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a research report on Thursday, December 19th. TD Cowen boosted their price target on Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $59.00 price objective on shares of Monster Beverage in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $55.42.

Monster Beverage Price Performance

NASDAQ MNST opened at $49.36 on Friday. The firm’s fifty day simple moving average is $51.89 and its two-hundred day simple moving average is $51.20. The firm has a market capitalization of $48.00 billion, a P/E ratio of 31.64, a P/E/G ratio of 2.08 and a beta of 0.74. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22.

Insider Transactions at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $3,944,748.60. This trade represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 7.80% of the company’s stock.

Monster Beverage 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.