Alliance Wealth Advisors LLC UT Takes $423,000 Position in Monster Beverage Co. (NASDAQ:MNST)

Alliance Wealth Advisors LLC UT purchased a new stake in Monster Beverage Co. (NASDAQ:MNST - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 8,042 shares of the company's stock, valued at approximately $423,000.

Other large investors have also recently added to or reduced their stakes in the company. Sustainable Insight Capital Management LLC bought a new position in shares of Monster Beverage in the fourth quarter valued at about $1,214,000. Nomura Asset Management Co. Ltd. raised its position in shares of Monster Beverage by 6.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 251,570 shares of the company's stock valued at $13,124,000 after purchasing an additional 15,611 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Monster Beverage by 6.7% in the third quarter. Daiwa Securities Group Inc. now owns 151,364 shares of the company's stock valued at $7,897,000 after purchasing an additional 9,496 shares during the period. Miracle Mile Advisors LLC bought a new position in shares of Monster Beverage in the fourth quarter valued at about $7,090,000. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Monster Beverage in the third quarter valued at about $630,000. Institutional investors and hedge funds own 72.36% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $59.00 price objective on shares of Monster Beverage in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. lowered their price target on shares of Monster Beverage from $50.00 to $49.00 and set a "neutral" rating on the stock in a research report on Monday, November 4th. TD Cowen raised their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. BNP Paribas lowered their price target on shares of Monster Beverage from $46.00 to $45.00 and set an "underperform" rating on the stock in a research report on Thursday, December 19th. Finally, Stifel Nicolaus raised their price target on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Monster Beverage has an average rating of "Hold" and a consensus price target of $55.42.

Insider Buying and Selling

In other news, CFO Thomas J. Kelly sold 10,000 shares of the business's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $52.65, for a total value of $526,500.00. Following the transaction, the chief financial officer now owns 74,924 shares in the company, valued at approximately $3,944,748.60. The trade was a 11.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 7.80% of the stock is owned by corporate insiders.

Monster Beverage Trading Up 0.6 %

NASDAQ:MNST traded up $0.27 during mid-day trading on Friday, hitting $46.57. 4,634,368 shares of the company's stock were exchanged, compared to its average volume of 6,898,053. The company has a 50 day simple moving average of $50.85 and a 200-day simple moving average of $51.04. 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 fifty-two week low of $43.32 and a fifty-two week high of $61.22. The firm has a market capitalization of $45.29 billion, a P/E ratio of 29.85, a PEG ratio of 1.96 and a beta of 0.74.

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.