B. Metzler seel. Sohn & Co. Holding AG Acquires New Position in Monster Beverage Co. (NASDAQ:MNST)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 62,714 shares of the company's stock, valued at approximately $3,272,000.

Other institutional investors have also recently added to or reduced their stakes in the company. LRI Investments LLC purchased a new stake in shares of Monster Beverage during the 1st quarter worth approximately $26,000. Stephens Consulting LLC acquired a new position in Monster Beverage in the second quarter valued at $26,000. Kings Path Partners LLC purchased a new position in shares of Monster Beverage during the second quarter worth about $30,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Monster Beverage during the second quarter worth about $30,000. Finally, Crewe Advisors LLC purchased a new stake in shares of Monster Beverage in the 1st quarter valued at about $37,000. Hedge funds and other institutional investors own 72.36% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MNST. Citigroup dropped their price target on Monster Beverage from $60.00 to $54.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Roth Mkm cut their target price on shares of Monster Beverage from $56.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, August 12th. Evercore ISI lowered their price objective on shares of Monster Beverage from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. UBS Group lifted their price objective on shares of Monster Beverage from $55.00 to $57.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group decreased their target price on shares of Monster Beverage from $61.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.45.

Monster Beverage Price Performance

Shares of NASDAQ MNST traded up $0.28 on Thursday, hitting $53.98. The company's stock had a trading volume of 4,846,146 shares, compared to its average volume of 6,958,467. The stock has a 50 day moving average of $52.60 and a 200-day moving average of $51.05. The company has a market capitalization of $52.50 billion, a price-to-earnings ratio of 34.42, a price-to-earnings-growth ratio of 2.57 and a beta of 0.74. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51.

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.