Stifel Financial Corp lifted its stake in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 1.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,059,490 shares of the company's stock after purchasing an additional 10,208 shares during the quarter. Stifel Financial Corp owned about 0.11% of Monster Beverage worth $55,274,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Dai ichi Life Insurance Company Ltd boosted its position in shares of Monster Beverage by 2.3% in the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 23,858 shares of the company's stock worth $1,192,000 after buying an additional 532 shares in the last quarter. Cetera Advisors LLC boosted its position in shares of Monster Beverage by 128.1% in the 1st quarter. Cetera Advisors LLC now owns 20,527 shares of the company's stock worth $1,217,000 after buying an additional 11,528 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Monster Beverage by 6.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 151,364 shares of the company's stock worth $7,897,000 after buying an additional 9,496 shares in the last quarter. Swedbank AB boosted its position in shares of Monster Beverage by 23.1% in the 2nd quarter. Swedbank AB now owns 121,731 shares of the company's stock worth $6,080,000 after buying an additional 22,823 shares in the last quarter. Finally, Natixis Advisors LLC boosted its position in shares of Monster Beverage by 6.8% in the 3rd quarter. Natixis Advisors LLC now owns 2,077,972 shares of the company's stock worth $108,408,000 after buying an additional 133,080 shares in the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.
Monster Beverage Trading Down 1.6 %
MNST traded down $0.83 on Friday, reaching $52.27. 3,936,984 shares of the company's stock were exchanged, compared to its average volume of 5,801,366. The company's 50 day moving average is $53.25 and its 200-day moving average is $51.05. The company has a market cap of $50.83 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 2.57 and a beta of 0.74. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on MNST shares. Deutsche Bank Aktiengesellschaft decreased 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. Bank of America upped their target price on shares of Monster Beverage from $56.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. reduced 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. Argus upped their target price on shares of Monster Beverage from $55.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Finally, Roth Mkm reduced their target price on shares of Monster Beverage from $56.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $56.45.
Read Our Latest Report on Monster Beverage
About Monster Beverage
(
Free Report)
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.
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