Soltis Investment Advisors LLC Sells 505 Shares of Monster Beverage Co. (NASDAQ:MNST)

Soltis Investment Advisors LLC lowered its position in Monster Beverage Co. (NASDAQ:MNST) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,046 shares of the company’s stock after selling 505 shares during the period. Soltis Investment Advisors LLC’s holdings in Monster Beverage were worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Wingate Wealth Advisors Inc. bought a new stake in shares of Monster Beverage during the fourth quarter valued at approximately $67,000. Elevate Capital Advisors LLC bought a new stake in shares of Monster Beverage during the fourth quarter valued at approximately $1,624,000. Kestra Private Wealth Services LLC raised its stake in shares of Monster Beverage by 11.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 15,592 shares of the company’s stock valued at $820,000 after acquiring an additional 1,630 shares in the last quarter. AlphaStar Capital Management LLC raised its stake in shares of Monster Beverage by 11.5% during the fourth quarter. AlphaStar Capital Management LLC now owns 23,484 shares of the company’s stock valued at $1,234,000 after acquiring an additional 2,421 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of Monster Beverage during the fourth quarter valued at approximately $301,000. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Performance

Monster Beverage stock opened at $47.81 on Tuesday. The firm has a 50 day simple moving average of $50.85 and a 200-day simple moving average of $51.06. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The stock has a market cap of $46.50 billion, a price-to-earnings ratio of 30.65, a price-to-earnings-growth ratio of 1.96 and a beta of 0.74.

Insider Activity

In other news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were 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 owns 74,924 shares of the company’s stock, valued at $3,944,748.60. This represents a 11.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MNST shares. TD Cowen lifted their price objective on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, November 11th. Argus lifted their price objective on shares of Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Wells Fargo & Company lifted their price objective on shares of Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Stifel Nicolaus lifted their price objective on shares of Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Monster Beverage currently has an average rating of “Hold” and a consensus 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.