Mount Yale Investment Advisors LLC Has $1.27 Million Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Mount Yale Investment Advisors LLC cut its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 6.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,157 shares of the company’s stock after selling 1,614 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Monster Beverage were worth $1,270,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Monster Beverage during the second quarter worth approximately $30,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Monster Beverage during the 4th quarter valued at $30,000. Geneos Wealth Management Inc. purchased a new position in shares of Monster Beverage during the 4th quarter valued at $33,000. Quarry LP increased its stake in shares of Monster Beverage by 152.0% in the second quarter. Quarry LP now owns 824 shares of the company’s stock worth $41,000 after acquiring 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% 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 acquiring an additional 1,126 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Thomas J. Kelly sold 10,000 shares of the company’s 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 completion of the transaction, the chief financial officer now directly owns 74,924 shares in the company, valued at approximately $3,944,748.60. This represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

MNST has been the topic of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $59.00 target price on shares of Monster Beverage in a research report on Wednesday, January 22nd. 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 research report on Friday, November 8th. Wells Fargo & Company boosted their target price on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Argus raised their price target 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. Finally, Needham & Company LLC assumed coverage on shares of Monster Beverage in a report on Friday, December 6th. They issued a “hold” rating for the company. Two investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $55.42.

Monster Beverage Stock Up 2.2 %

MNST stock opened at $49.34 on Tuesday. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22. 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 market cap of $47.98 billion, a PE ratio of 31.63, a price-to-earnings-growth ratio of 2.08 and a beta of 0.74. The business’s 50-day simple moving average is $52.16 and its 200 day simple moving average is $51.24.

About Monster Beverage

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.