Stratos Wealth Partners LTD. Sells 461 Shares of Monster Beverage Co. (NASDAQ:MNST)

Stratos Wealth Partners LTD. lessened its stake in Monster Beverage Co. (NASDAQ:MNST) by 4.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 10,610 shares of the company’s stock after selling 461 shares during the period. Stratos Wealth Partners LTD.’s holdings in Monster Beverage were worth $611,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Freedom Wealth Alliance LLC bought a new stake in shares of Monster Beverage in the 4th quarter worth approximately $25,000. Peoples Bank KS bought a new position in Monster Beverage in the third quarter worth $26,000. Resurgent Financial Advisors LLC acquired a new stake in Monster Beverage during the fourth quarter worth $26,000. Ancora Advisors LLC bought a new stake in Monster Beverage in the 1st quarter valued at $27,000. Finally, Quarry LP raised its stake in shares of Monster Beverage by 276.1% in the 1st quarter. Quarry LP now owns 504 shares of the company’s stock valued at $27,000 after buying an additional 370 shares in the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Stock Up 0.5 %

MNST stock opened at $55.01 on Friday. The business has a fifty day moving average of $57.40 and a 200-day moving average of $55.47. The company has a market cap of $57.25 billion, a P/E ratio of 35.49, a PEG ratio of 2.12 and a beta of 0.72. Monster Beverage Co. has a twelve month low of $47.13 and a twelve month high of $61.22.

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

Insider Activity at Monster Beverage

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MNST. JPMorgan Chase & Co. upped their target price on shares of Monster Beverage from $61.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, January 17th. Morgan Stanley increased their target price on Monster Beverage from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. BMO Capital Markets boosted their price target on Monster Beverage from $57.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday, January 17th. Citigroup increased their price objective on Monster Beverage from $63.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Redburn Atlantic began coverage on shares of Monster Beverage in a report on Wednesday, March 6th. They issued a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $63.11.

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.