Monster Beverage Co. (NASDAQ:MNST) Shares Sold by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC reduced its stake in Monster Beverage Co. (NASDAQ:MNST) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 20,046 shares of the company’s stock after selling 505 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Monster Beverage were worth $1,054,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Sustainable Insight Capital Management LLC acquired a new position in shares of Monster Beverage in the 4th quarter worth approximately $1,214,000. Nomura Asset Management Co. Ltd. lifted its holdings in Monster Beverage by 6.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 251,570 shares of the company’s stock worth $13,124,000 after buying an additional 15,611 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Monster Beverage by 6.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 151,364 shares of the company’s stock worth $7,897,000 after buying an additional 9,496 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in Monster Beverage during the 4th quarter worth approximately $7,090,000. Finally, Kovitz Investment Group Partners LLC acquired a new stake in Monster Beverage during the 3rd quarter worth approximately $630,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the firm’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 transaction, the chief financial officer now directly owns 74,924 shares of the company’s stock, valued at approximately $3,944,748.60. This trade represents a 11.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 7.80% of the company’s stock.

Monster Beverage Trading Up 2.7 %

NASDAQ MNST opened at $47.81 on Tuesday. 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 firm’s fifty day moving average price is $50.85 and its 200 day moving average price is $51.06. The company has a market capitalization 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. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.22.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MNST shares. Wells Fargo & Company increased their target price on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. TD Cowen increased their target price on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft reduced their target price 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. Bank of America increased their target price on shares of Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, UBS Group reduced their target price on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Monster Beverage presently has an average rating of “Hold” and a consensus price target of $55.42.

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.