Valeo Financial Advisors LLC Sells 1,366 Shares of Monster Beverage Co. (NASDAQ:MNST)

Valeo Financial Advisors LLC cut its holdings in Monster Beverage Co. (NASDAQ:MNST) by 13.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,548 shares of the company’s stock after selling 1,366 shares during the period. Valeo Financial Advisors LLC’s holdings in Monster Beverage were worth $492,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Freedom Wealth Alliance LLC bought a new position in Monster Beverage in the 4th quarter worth approximately $25,000. Peoples Bank KS bought a new position in Monster Beverage during the third quarter worth $26,000. Resurgent Financial Advisors LLC bought a new position in Monster Beverage during the fourth quarter worth $26,000. Ancora Advisors LLC acquired a new position in Monster Beverage during the 1st quarter valued at $27,000. Finally, Quarry LP boosted its holdings in 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 purchasing an additional 370 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Buying and Selling at Monster Beverage

In related news, Director Mark J. Hall sold 659,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was 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 $45,542,532. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 9.40% of the company’s stock.

Monster Beverage Stock Up 0.5 %

Shares of MNST stock opened at $55.01 on Monday. The firm has a 50 day moving average of $57.40 and a 200-day moving average of $55.49. The company has a market cap of $57.25 billion, a price-to-earnings ratio of 35.49, a price-to-earnings-growth ratio of 2.12 and a beta of 0.72. Monster Beverage Co. has a 52 week low of $47.13 and a 52 week high of $61.22.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MNST shares. Morgan Stanley upped their price objective on shares of Monster Beverage from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Citigroup boosted their price objective on Monster Beverage from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Jefferies Financial Group raised their target price on Monster Beverage from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. BMO Capital Markets increased their price objective on shares of Monster Beverage from $57.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday, January 17th. Finally, Redburn Atlantic assumed coverage on shares of Monster Beverage in a research report on Wednesday, March 6th. They set a “buy” rating on the stock. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Monster Beverage presently 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.