Hutchens & Kramer Investment Management Group LLC Sells 420 Shares of Monster Beverage Co. (NASDAQ:MNST)

Hutchens & Kramer Investment Management Group LLC cut its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,005 shares of the company’s stock after selling 420 shares during the period. Hutchens & Kramer Investment Management Group LLC’s holdings in Monster Beverage were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MNST. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Monster Beverage in the second quarter valued at about $30,000. Retirement Wealth Solutions LLC bought a new stake in Monster Beverage during the fourth quarter worth about $30,000. Geneos Wealth Management Inc. acquired a new position in Monster Beverage during the fourth quarter worth approximately $33,000. Quarry LP increased its position in Monster Beverage by 152.0% during the second quarter. Quarry LP now owns 824 shares of the company’s stock worth $41,000 after buying an additional 497 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. grew its position 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 valued at $59,000 after purchasing an additional 1,126 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors.

Insider Activity at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $52.65, for a total transaction of $526,500.00. Following the transaction, the chief financial officer now owns 74,924 shares of the company’s stock, 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. 7.80% of the stock is owned by insiders.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $49.34 on Tuesday. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The stock has a market cap of $47.98 billion, a price-to-earnings ratio of 31.63, a PEG ratio of 2.08 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The firm’s 50-day simple moving average is $52.16 and its 200 day simple moving average is $51.24.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price target on Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. BNP Paribas dropped their price target on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a research note on Thursday, December 19th. TD Cowen increased their price objective on Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, November 11th. Bank of America increased their price target on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, Argus increased their price target on Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Monster Beverage presently has an average rating of “Hold” and an average target price of $55.42.

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.