Monster Beverage Co. (NASDAQ:MNST) Shares Acquired by William Allan Corp

William Allan Corp increased its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 4.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 24,131 shares of the company’s stock after purchasing an additional 1,012 shares during the period. William Allan Corp’s holdings in Monster Beverage were worth $1,268,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sustainable Insight Capital Management LLC purchased a new position in shares of Monster Beverage in the fourth quarter valued at $1,214,000. Nomura Asset Management Co. Ltd. lifted its holdings in Monster Beverage by 6.6% in 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. boosted its position in Monster Beverage by 6.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 151,364 shares of the company’s stock valued at $7,897,000 after buying an additional 9,496 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of Monster Beverage during the fourth quarter valued at about $7,090,000. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of Monster Beverage during the third quarter worth about $630,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insider Transactions at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction on Friday, December 13th. The stock was sold at an average price of $52.65, for a total transaction of $526,500.00. Following the sale, the chief financial officer now owns 74,924 shares of the company’s stock, valued at $3,944,748.60. The trade was a 11.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.80% of the company’s stock.

Monster Beverage Trading Up 0.3 %

Monster Beverage stock opened at $46.30 on Friday. The firm has a 50-day moving average price of $51.20 and a two-hundred day moving average price of $51.10. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22. The firm has a market capitalization of $45.03 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 2.07 and a beta of 0.74. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MNST. Wells Fargo & Company increased their price target on Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Bank of America raised their price target on shares of Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. BNP Paribas cut their price target on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a report on Thursday, December 19th. UBS Group reduced their price objective on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, TD Cowen boosted their target price 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.