Monster Beverage Corporation $MNST Shares Sold by Signal Advisors Wealth LLC

Key Points

• Signal Advisors Wealth LLC reduced its stake in Monster Beverage Corporation by 50.6%, now holding 3,920 shares valued at approximately $245,000.
• Insider Mark Vidergauz sold 10,000 shares of Monster Beverage, decreasing his position by 16.34% and holding 51,191 shares after the transaction.
• Analysts have mixed ratings on Monster Beverage, with Wall Street Zen downgrading it from "buy" to "hold", while Citigroup raised its price target and maintained a "buy" rating".

Signal Advisors Wealth LLC decreased its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 50.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,920 shares of the company's stock after selling 4,014 shares during the quarter. Signal Advisors Wealth LLC's holdings in Monster Beverage were worth $245,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MNST. Wayfinding Financial LLC purchased a new position in shares of Monster Beverage in the 1st quarter worth $29,000. Park Square Financial Group LLC purchased a new position in shares of Monster Beverage in the 4th quarter worth $36,000. Webster Bank N. A. purchased a new position in shares of Monster Beverage in the 2nd quarter worth $38,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Monster Beverage by 37.1% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company's stock worth $42,000 after buying an additional 196 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Monster Beverage in the 1st quarter worth $43,000. Institutional investors and hedge funds own 72.36% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on MNST shares. Morgan Stanley increased their target price on Monster Beverage from $70.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. UBS Group upped their target price on Monster Beverage from $64.00 to $67.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. The Goldman Sachs Group upped their target price on Monster Beverage from $67.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, June 13th. Redburn Atlantic downgraded Monster Beverage from a "strong-buy" rating to a "hold" rating and decreased their target price for the stock from $63.00 to $60.00 in a research report on Wednesday, July 9th. Finally, Bank of America upped their target price on Monster Beverage from $66.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Monster Beverage has a consensus rating of "Hold" and a consensus target price of $65.19.

Monster Beverage Stock Performance

Shares of NASDAQ MNST traded down $0.12 during midday trading on Tuesday, reaching $63.86. 1,226,958 shares of the company's stock were exchanged, compared to its average volume of 6,042,224. Monster Beverage Corporation has a 52-week low of $45.70 and a 52-week high of $67.13. The stock has a market capitalization of $62.35 billion, a PE ratio of 39.64, a price-to-earnings-growth ratio of 2.23 and a beta of 0.54. The business's fifty day moving average price is $62.25 and its two-hundred day moving average price is $60.98.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. Monster Beverage had a return on equity of 27.46% and a net margin of 20.54%.The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period in the previous year, the company earned $0.41 earnings per share. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Insider Transactions at Monster Beverage

In other Monster Beverage news, Director Mark Vidergauz sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $63.73, for a total transaction of $637,300.00. Following the transaction, the director owned 51,191 shares of the company's stock, valued at $3,262,402.43. This trade represents a 16.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 7.80% of the stock is owned by insiders.

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.