Signal Advisors Wealth LLC Has $245,000 Stock Holdings in Monster Beverage Corporation $MNST

Signal Advisors Wealth LLC cut its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 50.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,920 shares of the company’s stock after selling 4,014 shares during the period. Signal Advisors Wealth LLC’s holdings in Monster Beverage were worth $245,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MNST. Pinnacle Associates Ltd. grew its stake in Monster Beverage by 4.0% in the 1st quarter. Pinnacle Associates Ltd. now owns 4,887 shares of the company’s stock valued at $286,000 after buying an additional 189 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in Monster Beverage by 37.1% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company’s stock valued at $42,000 after buying an additional 196 shares during the last quarter. Conning Inc. grew its stake in Monster Beverage by 3.9% in the 1st quarter. Conning Inc. now owns 5,853 shares of the company’s stock valued at $343,000 after buying an additional 219 shares during the last quarter. Eastern Bank grew its stake in Monster Beverage by 3.0% in the 1st quarter. Eastern Bank now owns 7,527 shares of the company’s stock valued at $440,000 after buying an additional 221 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its stake in Monster Beverage by 21.2% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,314 shares of the company’s stock valued at $77,000 after buying an additional 230 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Monster Beverage

In other Monster Beverage news, Director Mark Vidergauz sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total transaction of $637,300.00. Following the completion of the transaction, the director owned 51,191 shares in the company, valued at approximately $3,262,402.43. This trade represents a 16.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MNST. Wall Street Zen lowered shares of Monster Beverage from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Redburn Atlantic lowered shares of Monster Beverage from a “strong-buy” rating to a “hold” rating and decreased their price target for the company from $63.00 to $60.00 in a research note on Wednesday, July 9th. Wells Fargo & Company set a $73.00 price target on shares of Monster Beverage and gave the company an “overweight” rating in a research note on Friday, August 8th. Roth Capital reiterated a “neutral” rating and issued a $60.00 price target (up previously from $56.00) on shares of Monster Beverage in a research note on Wednesday, August 13th. Finally, Citigroup increased their target price on shares of Monster Beverage from $74.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Monster Beverage presently has an average rating of “Hold” and an average target price of $65.19.

Monster Beverage Stock Performance

Shares of NASDAQ MNST opened at $64.13 on Friday. Monster Beverage Corporation has a 52-week low of $45.70 and a 52-week high of $67.13. The firm has a 50 day moving average price of $62.16 and a two-hundred day moving average price of $60.88. The stock has a market cap of $62.62 billion, a P/E ratio of 39.83, a price-to-earnings-growth ratio of 2.23 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the prior year, the company posted $0.41 EPS. The company’s revenue was up 11.1% on a year-over-year basis. Analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

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.