Monster Beverage Co. (NASDAQ:MNST) Shares Purchased by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lifted its position in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 5.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 459,495 shares of the company's stock after purchasing an additional 23,906 shares during the period. Chevy Chase Trust Holdings LLC's holdings in Monster Beverage were worth $23,972,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Stephens Consulting LLC purchased a new position in Monster Beverage during the second quarter valued at $26,000. Kings Path Partners LLC bought a new stake in shares of Monster Beverage during the 2nd quarter valued at about $30,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Monster Beverage during the 2nd quarter valued at about $30,000. Quarry LP grew its stake in shares of Monster Beverage by 152.0% during the 2nd quarter. Quarry LP now owns 824 shares of the company's stock valued at $41,000 after purchasing an additional 497 shares during the period. Finally, Crewe Advisors LLC grew its stake in shares of Monster Beverage by 37.5% during the 2nd quarter. Crewe Advisors LLC now owns 850 shares of the company's stock valued at $42,000 after acquiring an additional 232 shares during the period. Institutional investors own 72.36% of the company's stock.

Monster Beverage Trading Down 0.8 %

NASDAQ:MNST traded down $0.44 on Wednesday, reaching $53.75. The company's stock had a trading volume of 4,035,751 shares, compared to its average volume of 6,872,425. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The firm has a market cap of $52.27 billion, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 2.63 and a beta of 0.74. The stock has a 50 day moving average price of $53.24 and a 200 day moving average price of $51.06.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MNST. Bank of America boosted their price objective on Monster Beverage from $56.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. decreased their price target on Monster Beverage from $50.00 to $49.00 and set a "neutral" rating on the stock in a report on Monday, November 4th. UBS Group upped their price objective on Monster Beverage from $55.00 to $57.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft dropped their price target on Monster Beverage from $61.00 to $59.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. Finally, Evercore ISI dropped their price target on Monster Beverage from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.