Fiduciary Trust Co Lowers Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Fiduciary Trust Co lessened its holdings in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 61.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,023 shares of the company's stock after selling 36,726 shares during the period. Fiduciary Trust Co's holdings in Monster Beverage were worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Dai ichi Life Insurance Company Ltd grew its stake in shares of Monster Beverage by 2.3% during the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 23,858 shares of the company's stock worth $1,192,000 after purchasing an additional 532 shares during the period. Cetera Advisors LLC grew its position in Monster Beverage by 128.1% during the first quarter. Cetera Advisors LLC now owns 20,527 shares of the company's stock valued at $1,217,000 after buying an additional 11,528 shares during the period. Swedbank AB increased its holdings in Monster Beverage by 23.1% in the second quarter. Swedbank AB now owns 121,731 shares of the company's stock valued at $6,080,000 after buying an additional 22,823 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Monster Beverage by 6.7% in the third quarter. Daiwa Securities Group Inc. now owns 151,364 shares of the company's stock valued at $7,897,000 after buying an additional 9,496 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of Monster Beverage by 50.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 100,367 shares of the company's stock worth $5,013,000 after acquiring an additional 33,478 shares during the period. Hedge funds and other institutional investors own 72.36% of the company's stock.

Wall Street Analyst Weigh In

MNST has been the topic of a number of analyst reports. UBS Group raised their target price on Monster Beverage from $55.00 to $57.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Jefferies Financial Group dropped their price objective on Monster Beverage from $61.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Stifel Nicolaus upped their target price on Monster Beverage from $57.00 to $59.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft decreased their target price 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, BMO Capital Markets cut their price target on shares of Monster Beverage from $56.00 to $54.00 and set a "market perform" rating for the company in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $56.45.

Monster Beverage Trading Down 0.0 %

NASDAQ:MNST traded down $0.01 on Friday, reaching $55.13. The company's stock had a trading volume of 3,431,094 shares, compared to its average volume of 6,896,324. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22. The stock has a 50 day moving average price of $53.11 and a 200 day moving average price of $51.08. The firm has a market cap of $53.62 billion, a price-to-earnings ratio of 35.34, a price-to-earnings-growth ratio of 2.63 and a beta of 0.74. 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 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.