GSA Capital Partners LLP Has $573,000 Stock Position in Monster Beverage Co. (NASDAQ:MNST)

GSA Capital Partners LLP lowered its stake in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 82.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,992 shares of the company's stock after selling 50,278 shares during the period. GSA Capital Partners LLP's holdings in Monster Beverage were worth $573,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ninety One UK Ltd grew its holdings in shares of Monster Beverage by 93.9% during the second quarter. Ninety One UK Ltd now owns 7,477,852 shares of the company's stock worth $373,519,000 after buying an additional 3,620,436 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Monster Beverage by 1,148.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,596,888 shares of the company's stock worth $135,480,000 after purchasing an additional 2,388,798 shares during the period. AMF Tjanstepension AB acquired a new stake in shares of Monster Beverage during the second quarter worth $81,757,000. Ossiam lifted its position in Monster Beverage by 5,185.8% during the first quarter. Ossiam now owns 1,069,366 shares of the company's stock worth $63,392,000 after buying an additional 1,049,135 shares during the period. Finally, Public Sector Pension Investment Board boosted its stake in Monster Beverage by 9,260.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 1,041,275 shares of the company's stock worth $52,012,000 after buying an additional 1,030,151 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company's stock.

Monster Beverage Stock Performance

Shares of Monster Beverage stock traded up $0.46 on Tuesday, reaching $53.73. 3,398,494 shares of the company were exchanged, compared to its average volume of 6,981,567. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The firm has a market cap of $52.25 billion, a price-to-earnings ratio of 34.15, a P/E/G ratio of 2.48 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The company's 50-day moving average is $52.45 and its two-hundred day moving average is $51.04.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MNST. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Monster Beverage from $61.00 to $59.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. TD Cowen increased their target price on Monster Beverage from $50.00 to $55.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Royal Bank of Canada lowered their price target on Monster Beverage from $64.00 to $60.00 and set an "outperform" rating for the company in a research report on Thursday, August 8th. Stifel Nicolaus lifted their price objective on Monster Beverage from $57.00 to $59.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, UBS Group raised their price target on shares of Monster Beverage from $55.00 to $57.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $56.45.

About Monster Beverage

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.