Natixis Advisors LLC Buys 133,080 Shares of Monster Beverage Co. (NASDAQ:MNST)

Natixis Advisors LLC raised its holdings in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 6.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,077,972 shares of the company's stock after buying an additional 133,080 shares during the quarter. Natixis Advisors LLC owned about 0.21% of Monster Beverage worth $108,408,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Avantax Advisory Services Inc. bought a new position in shares of Monster Beverage in the first quarter worth approximately $1,063,000. Blair William & Co. IL increased its holdings in shares of Monster Beverage by 37.0% in the 1st quarter. Blair William & Co. IL now owns 13,421 shares of the company's stock worth $796,000 after buying an additional 3,624 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in shares of Monster Beverage by 7.2% during the 1st quarter. Orion Portfolio Solutions LLC now owns 30,752 shares of the company's stock valued at $1,823,000 after buying an additional 2,062 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Monster Beverage by 5.1% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 4,317 shares of the company's stock worth $256,000 after acquiring an additional 209 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Monster Beverage by 1.7% in the first quarter. Vanguard Group Inc. now owns 64,741,352 shares of the company's stock worth $3,837,867,000 after acquiring an additional 1,059,042 shares in the last quarter. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MNST has been the subject of a number of research reports. Wells Fargo & Company upped their price objective on Monster Beverage from $57.00 to $60.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Jefferies Financial Group lowered their target price on Monster Beverage from $61.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. UBS Group raised their price target on Monster Beverage from $55.00 to $57.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. BMO Capital Markets lowered their price objective on Monster Beverage from $56.00 to $54.00 and set a "market perform" rating for the company in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. cut their target price on shares of Monster Beverage from $50.00 to $49.00 and set a "neutral" rating on the stock in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $56.45.

Monster Beverage Stock Down 7.1 %

Shares of NASDAQ:MNST traded down $3.96 during midday trading on Friday, reaching $52.00. The company's stock had a trading volume of 10,606,121 shares, compared to its average volume of 6,996,471. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22. The firm has a market capitalization of $50.57 billion, a P/E ratio of 33.33, a PEG ratio of 2.69 and a beta of 0.74. The firm has a 50 day moving average of $52.40 and a 200-day moving average of $51.08. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13.

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.