Monster Beverage Co. (NASDAQ:MNST) Shares Purchased by Knuff & Co LLC

Knuff & Co LLC boosted its holdings in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 24.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,989 shares of the company's stock after buying an additional 18,669 shares during the quarter. Monster Beverage makes up about 1.5% of Knuff & Co LLC's holdings, making the stock its 20th largest position. Knuff & Co LLC's holdings in Monster Beverage were worth $4,956,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Ninety One UK Ltd grew its position in shares of Monster Beverage by 93.9% in the 2nd quarter. Ninety One UK Ltd now owns 7,477,852 shares of the company's stock valued at $373,519,000 after buying an additional 3,620,436 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Monster Beverage by 1,148.0% during the third 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 last quarter. AMF Tjanstepension AB acquired a new stake in shares of Monster Beverage during the second quarter worth about $81,757,000. Ossiam lifted its holdings in shares of Monster Beverage by 5,185.8% in the 1st quarter. Ossiam now owns 1,069,366 shares of the company's stock valued at $63,392,000 after purchasing an additional 1,049,135 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its position in shares of 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 valued at $52,012,000 after purchasing an additional 1,030,151 shares during the period. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Price Performance

NASDAQ MNST traded up $0.46 during mid-day trading on Tuesday, hitting $53.73. The stock had a trading volume of 3,400,491 shares, compared to its average volume of 6,981,752. The company has a 50 day simple moving average of $52.52 and a 200 day simple moving average of $51.04. 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 company has a market cap of $52.25 billion, a price-to-earnings ratio of 34.44, a P/E/G ratio of 2.48 and a beta of 0.74. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22.

Analyst Ratings Changes

Several research analysts have commented on the company. Citigroup cut their price target on Monster Beverage from $60.00 to $54.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Roth Mkm reduced their price target on shares of Monster Beverage from $56.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, August 12th. Deutsche Bank Aktiengesellschaft lowered their price objective 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. Evercore ISI reduced their target price on shares of Monster Beverage from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. Finally, TD Cowen raised their price target on Monster Beverage from $50.00 to $55.00 and gave the stock a "hold" rating in a report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.