Annex Advisory Services LLC Increases Position in Monster Beverage Co. (NASDAQ:MNST)

Annex Advisory Services LLC lifted its holdings in Monster Beverage Co. (NASDAQ:MNST) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 97,990 shares of the company’s stock after buying an additional 4,721 shares during the quarter. Annex Advisory Services LLC’s holdings in Monster Beverage were worth $5,150,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. bought a new position in Monster Beverage in the 2nd quarter valued at $30,000. Retirement Wealth Solutions LLC bought a new position in shares of Monster Beverage in the fourth quarter worth about $30,000. Quarry LP increased its stake in Monster Beverage by 152.0% in the 2nd quarter. Quarry LP now owns 824 shares of the company’s stock worth $41,000 after buying an additional 497 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Monster Beverage by 16,085.7% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock valued at $59,000 after buying an additional 1,126 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Monster Beverage by 84.9% during the 4th quarter. Versant Capital Management Inc now owns 1,185 shares of the company’s stock valued at $62,000 after buying an additional 544 shares in the last quarter. 72.36% of the stock is owned by institutional investors.

Monster Beverage Price Performance

Monster Beverage stock opened at $49.42 on Monday. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $52.80 and a 200-day simple moving average of $51.26. 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 $48.06 billion, a price-to-earnings ratio of 31.68, a PEG ratio of 2.10 and a beta of 0.74.

Wall Street Analyst Weigh In

MNST has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their target price 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. Needham & Company LLC initiated coverage on Monster Beverage in a research report on Friday, December 6th. They set a “hold” rating for the company. 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. Bank of America raised their price target on Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, TD Cowen upped their price objective on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Monster Beverage has an average rating of “Hold” and an average target price of $55.47.

Insider Buying and Selling

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction 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 sale, the chief financial officer now owns 74,924 shares in the company, valued at $3,944,748.60. The trade was a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.80% of the stock is owned by company insiders.

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.