Robeco Institutional Asset Management B.V. Has $1.12 Million Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Robeco Institutional Asset Management B.V. lessened its position in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 56.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,459 shares of the company's stock after selling 27,712 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Monster Beverage were worth $1,120,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Ninety One UK Ltd grew its stake in shares of Monster Beverage by 93.9% in the second quarter. Ninety One UK Ltd now owns 7,477,852 shares of the company's stock worth $373,519,000 after acquiring an additional 3,620,436 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Monster Beverage by 1,148.0% in 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 last quarter. AMF Tjanstepension AB bought a new position in shares of Monster Beverage during the 2nd quarter worth about $81,757,000. TD Asset Management Inc raised its position in shares of Monster Beverage by 41.1% during the first quarter. TD Asset Management Inc now owns 4,528,763 shares of the company's stock valued at $268,465,000 after buying an additional 1,318,890 shares during the last quarter. Finally, William Blair Investment Management LLC raised its position in shares of Monster Beverage by 34.1% during the first quarter. William Blair Investment Management LLC now owns 4,859,680 shares of the company's stock valued at $288,082,000 after buying an additional 1,234,718 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MNST shares. Stifel Nicolaus boosted their price target on Monster Beverage from $57.00 to $59.00 and gave the company a "buy" rating in a research note on Friday. Wells Fargo & Company boosted their price objective on Monster Beverage from $57.00 to $60.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. UBS Group raised their target price on Monster Beverage from $55.00 to $57.00 and gave the stock a "neutral" rating in a research report on Friday. TD Cowen boosted their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the company a "hold" rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Monster Beverage from $61.00 to $59.00 and set a "buy" rating for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Monster Beverage currently has a consensus rating of "Moderate Buy" and an average price target of $56.00.

Monster Beverage Price Performance

Shares of Monster Beverage stock traded up $1.60 during midday trading on Monday, reaching $55.74. The company had a trading volume of 7,435,370 shares, compared to its average volume of 6,980,208. The stock has a fifty day simple moving average of $51.69 and a 200 day simple moving average of $50.99. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The company has a current ratio of 3.41, a quick ratio of 2.69 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $54.60 billion, a price-to-earnings ratio of 34.69, a price-to-earnings-growth ratio of 2.47 and a beta of 0.74.

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.