William Allan Corp Raises Stock Holdings in Monster Beverage Corporation (NASDAQ:MNST)

William Allan Corp increased its stake in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 28.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,005 shares of the company's stock after buying an additional 6,874 shares during the quarter. William Allan Corp's holdings in Monster Beverage were worth $1,814,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Wayfinding Financial LLC bought a new stake in Monster Beverage during the first quarter worth $29,000. Park Square Financial Group LLC purchased a new position in Monster Beverage in the fourth quarter worth $36,000. Coppell Advisory Solutions LLC boosted its position in Monster Beverage by 259.2% in the fourth quarter. Coppell Advisory Solutions LLC now owns 686 shares of the company's stock worth $36,000 after purchasing an additional 495 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in Monster Beverage by 37.1% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company's stock worth $42,000 after purchasing an additional 196 shares during the last quarter. Finally, CVA Family Office LLC boosted its position in Monster Beverage by 28.6% in the first quarter. CVA Family Office LLC now owns 1,519 shares of the company's stock worth $89,000 after purchasing an additional 338 shares during the last quarter. Institutional investors own 72.36% of the company's stock.

Analysts Set New Price Targets

MNST has been the topic of several research analyst reports. Stifel Nicolaus initiated coverage on Monster Beverage in a research report on Thursday, June 12th. They issued a "buy" rating and a $72.00 price objective on the stock. JPMorgan Chase & Co. upped their price target on Monster Beverage from $60.00 to $64.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Roth Mkm upped their price target on Monster Beverage from $50.00 to $56.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Jefferies Financial Group upped their price target on Monster Beverage from $68.00 to $71.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Finally, Redburn Atlantic cut Monster Beverage from a "strong-buy" rating to a "hold" rating and dropped their price target for the company from $63.00 to $60.00 in a research report on Wednesday, July 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $61.91.

Insider Buying and Selling

In related news, CFO Thomas J. Kelly sold 27,000 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $63.40, for a total value of $1,711,800.00. Following the sale, the chief financial officer directly owned 69,273 shares of the company's stock, valued at $4,391,908.20. This represents a 28.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Emelie Tirre sold 8,796 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $62.46, for a total value of $549,398.16. Following the completion of the sale, the insider directly owned 89,501 shares in the company, valued at approximately $5,590,232.46. The trade was a 8.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.30% of the stock is owned by corporate insiders.

Monster Beverage Price Performance

NASDAQ MNST traded up $0.59 on Thursday, reaching $59.78. 1,165,797 shares of the company's stock traded hands, compared to its average volume of 6,047,832. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.37 and a quick ratio of 2.78. The stock has a 50-day simple moving average of $62.22 and a 200 day simple moving average of $57.15. The stock has a market cap of $58.30 billion, a PE ratio of 39.33, a P/E/G ratio of 2.14 and a beta of 0.59. Monster Beverage Corporation has a 12 month low of $43.32 and a 12 month high of $64.45.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.97 billion. Monster Beverage had a return on equity of 27.46% and a net margin of 20.27%. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 earnings per share. As a group, research analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Monster Beverage 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.