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

Alliance Wealth Advisors LLC UT bought a new stake in Monster Beverage Co. (NASDAQ:MNSTFree Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 8,042 shares of the company’s stock, valued at approximately $423,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC increased its position in shares of Monster Beverage by 109.3% in the third quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock valued at $1,176,913,000 after buying an additional 11,779,162 shares in the last quarter. Montrusco Bolton Investments Inc. grew its stake in Monster Beverage by 250.9% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 3,468,660 shares of the company’s stock valued at $178,801,000 after acquiring an additional 2,480,291 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Monster Beverage by 1,148.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,596,888 shares of the company’s stock valued at $135,480,000 after acquiring an additional 2,388,798 shares in the last quarter. State Street Corp raised its position in Monster Beverage by 6.9% during the third quarter. State Street Corp now owns 33,742,390 shares of the company’s stock worth $1,760,341,000 after acquiring an additional 2,168,379 shares during the last quarter. Finally, Holocene Advisors LP purchased a new stake in shares of Monster Beverage in the third quarter valued at about $73,600,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on MNST shares. Wells Fargo & Company raised their price objective on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Needham & Company LLC initiated coverage on Monster Beverage in a report on Friday, December 6th. They issued a “hold” rating for the company. BNP Paribas decreased their price objective on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a research note on Thursday, December 19th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $59.00 price target on shares of Monster Beverage in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $55.42.

View Our Latest Stock Report on Monster Beverage

Insider Transactions at Monster Beverage

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

Monster Beverage Price Performance

MNST stock opened at $46.61 on Wednesday. The stock has a 50-day moving average price of $51.54 and a two-hundred day moving average price of $51.17. The company has a market cap of $45.33 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 2.07 and a beta of 0.74. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22.

Monster Beverage Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Monster Beverage (NASDAQ:MNST)

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