Wealth Alliance Has $446,000 Holdings in Monster Beverage Co. (NASDAQ:MNST)

Wealth Alliance lessened its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,480 shares of the company’s stock after selling 318 shares during the quarter. Wealth Alliance’s holdings in Monster Beverage were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Creative Planning lifted its position in shares of Monster Beverage by 12.8% during the 3rd quarter. Creative Planning now owns 90,773 shares of the company’s stock worth $4,736,000 after buying an additional 10,284 shares during the period. Greenleaf Trust raised its position in Monster Beverage by 12.1% in the 3rd quarter. Greenleaf Trust now owns 14,670 shares of the company’s stock valued at $765,000 after purchasing an additional 1,589 shares during the last quarter. International Assets Investment Management LLC raised its position in Monster Beverage by 5,117.0% in the 3rd quarter. International Assets Investment Management LLC now owns 22,433 shares of the company’s stock valued at $1,170,000 after purchasing an additional 22,003 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Monster Beverage by 0.9% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 49,311 shares of the company’s stock valued at $2,573,000 after purchasing an additional 462 shares during the last quarter. Finally, DT Investment Partners LLC raised its position in Monster Beverage by 38.6% in the 3rd quarter. DT Investment Partners LLC now owns 1,386 shares of the company’s stock valued at $72,000 after purchasing an additional 386 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,944,748.60. The trade was a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.80% of the company’s stock.

Monster Beverage Stock Up 3.5 %

NASDAQ:MNST opened at $53.00 on Friday. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The stock has a market cap of $51.54 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 2.30 and a beta of 0.74. The stock has a 50-day moving average price of $50.18 and a two-hundred day moving average price of $50.97.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MNST shares. BNP Paribas cut their price objective on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a research report on Thursday, December 19th. JPMorgan Chase & Co. dropped their target price on Monster Beverage from $52.00 to $51.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Needham & Company LLC started coverage on Monster Beverage in a research report on Friday, December 6th. They set a “hold” rating for the company. Stifel Nicolaus boosted their target price on Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Monster Beverage currently has an average rating of “Hold” and an average price target of $55.53.

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.