Baillie Gifford & Co. Makes New $14.82 Million Investment in Monster Beverage Co. (NASDAQ:MNST)

Baillie Gifford & Co. acquired a new position in Monster Beverage Co. (NASDAQ:MNST - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 284,051 shares of the company's stock, valued at approximately $14,819,000.

Several other large investors have also bought and sold shares of MNST. Empowered Funds LLC grew its stake in Monster Beverage by 307.1% during the first quarter. Empowered Funds LLC now owns 22,843 shares of the company's stock worth $1,354,000 after purchasing an additional 17,232 shares during the period. Avantax Advisory Services Inc. purchased a new stake in shares of Monster Beverage during the 1st quarter valued at $1,063,000. Bleakley Financial Group LLC boosted its stake in Monster Beverage by 8.9% in the first quarter. Bleakley Financial Group LLC now owns 15,431 shares of the company's stock valued at $915,000 after acquiring an additional 1,266 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its position in Monster Beverage by 9.9% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,097 shares of the company's stock worth $124,000 after buying an additional 189 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Monster Beverage by 26.5% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 777,869 shares of the company's stock valued at $46,112,000 after buying an additional 162,894 shares during the last quarter. 72.36% of the stock is owned by institutional investors.

Monster Beverage Stock Performance

Shares of NASDAQ:MNST traded up $0.36 during mid-day trading on Wednesday, reaching $56.38. 4,526,625 shares of the company traded hands, compared to its average volume of 6,971,224. 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 Co. has a 52 week low of $43.32 and a 52 week high of $61.22. The company's 50 day moving average price is $52.02 and its 200-day moving average price is $51.02. The firm has a market cap of $54.83 billion, a PE ratio of 36.20, a PEG ratio of 2.67 and a beta of 0.74.

Analyst Ratings Changes

MNST has been the topic of several recent research reports. Truist Financial dropped their price objective on shares of Monster Beverage from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Friday, August 9th. JPMorgan Chase & Co. cut their price target on Monster Beverage from $50.00 to $49.00 and set a "neutral" rating for the company in a report on Monday, November 4th. UBS Group increased their price objective on Monster Beverage from $55.00 to $57.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Evercore ISI cut their target price on Monster Beverage from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. Finally, BMO Capital Markets decreased their price target on shares of Monster Beverage from $56.00 to $54.00 and set a "market perform" rating on the stock in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Monster Beverage presently has an average rating of "Moderate Buy" and an average target price of $56.45.

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.