8,042 Shares in Monster Beverage Co. (NASDAQ:MNST) Bought by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT purchased a new stake in Monster Beverage Co. (NASDAQ:MNST) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 8,042 shares of the company’s stock, valued at approximately $423,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Spire Wealth Management acquired a new stake in Monster Beverage in the fourth quarter valued at approximately $29,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Monster Beverage in the 4th quarter valued at $30,000. Geneos Wealth Management Inc. purchased a new stake in shares of Monster Beverage during the 4th quarter worth $33,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Monster Beverage by 16,085.7% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock worth $59,000 after purchasing an additional 1,126 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in Monster Beverage by 84.9% in the fourth 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 during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Analysts Set New Price Targets

MNST has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted their price target on Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Argus upped their price target on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, November 8th. BNP Paribas lowered their target price on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a report on Thursday, December 19th. Finally, Needham & Company LLC started coverage on shares of Monster Beverage in a research note on Friday, December 6th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Monster Beverage presently has a consensus rating of “Hold” and an average target price of $55.42.

Monster Beverage Stock Performance

NASDAQ:MNST opened at $46.61 on Wednesday. The firm has a market cap of $45.33 billion, a price-to-earnings ratio of 29.88, a price-to-earnings-growth ratio of 2.07 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The firm’s fifty day moving average price is $51.54 and its 200 day moving average price is $51.17.

Insider Activity

In other 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 value of $526,500.00. Following the completion of the sale, the chief financial officer now directly 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 this hyperlink. Insiders own 7.80% of the company’s stock.

Monster Beverage Company 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.