Wealth Alliance Sells 1,706 Shares of Monster Beverage Co. (NASDAQ:MNST)

Wealth Alliance lessened its stake in Monster Beverage Co. (NASDAQ:MNST) by 13.4% during the fourth quarter, Holdings Channel reports. The firm owned 11,029 shares of the company’s stock after selling 1,706 shares during the period. Wealth Alliance’s holdings in Monster Beverage were worth $635,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Cetera Investment Advisers increased its position in shares of Monster Beverage by 1.6% during the first quarter. Cetera Investment Advisers now owns 10,286 shares of the company’s stock valued at $822,000 after acquiring an additional 161 shares during the last quarter. Blair William & Co. IL increased its position in shares of Monster Beverage by 7.5% during the first quarter. Blair William & Co. IL now owns 2,537 shares of the company’s stock valued at $203,000 after acquiring an additional 177 shares during the last quarter. Delta Financial Advisors LLC increased its position in shares of Monster Beverage by 0.9% during the third quarter. Delta Financial Advisors LLC now owns 19,168 shares of the company’s stock valued at $1,015,000 after acquiring an additional 180 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Monster Beverage by 5.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 3,659 shares of the company’s stock valued at $211,000 after acquiring an additional 196 shares during the last quarter. Finally, Catalyst Capital Advisors LLC increased its position in shares of Monster Beverage by 34.6% during the third quarter. Catalyst Capital Advisors LLC now owns 774 shares of the company’s stock valued at $41,000 after acquiring an additional 199 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, Director Mark J. Hall sold 659,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the completion of the transaction, the director now owns 777,840 shares of the company’s stock, valued at approximately $45,542,532. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 9.40% of the stock is currently owned by corporate insiders.

Monster Beverage Trading Down 0.8 %

MNST opened at $54.25 on Thursday. The stock has a 50-day moving average price of $57.30 and a 200-day moving average price of $55.50. Monster Beverage Co. has a 12-month low of $47.13 and a 12-month high of $61.22. The stock has a market capitalization of $56.45 billion, a P/E ratio of 35.00, a PEG ratio of 2.13 and a beta of 0.72.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Wednesday, February 28th. The company reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Monster Beverage had a return on equity of 20.95% and a net margin of 22.84%. Monster Beverage’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 EPS. On average, equities research analysts predict that Monster Beverage Co. will post 1.81 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Jefferies Financial Group raised their target price on Monster Beverage from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. BMO Capital Markets raised their target price on Monster Beverage from $57.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 17th. Citigroup boosted their price objective on Monster Beverage from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. UBS Group boosted their price objective on Monster Beverage from $62.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Finally, Redburn Atlantic started coverage on Monster Beverage in a research note on Wednesday, March 6th. They set a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Monster Beverage presently has an average rating of “Moderate Buy” and a consensus price target of $63.11.

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.