26,300 Shares in Monster Beverage Co. (NASDAQ:MNST) Purchased by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Monster Beverage Co. (NASDAQ:MNST - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,300 shares of the company's stock, valued at approximately $1,372,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MNST. Vanguard Group Inc. lifted its stake in Monster Beverage by 1.7% in the first quarter. Vanguard Group Inc. now owns 64,741,352 shares of the company's stock valued at $3,837,867,000 after buying an additional 1,059,042 shares during the period. Clearbridge Investments LLC increased its stake in shares of Monster Beverage by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 11,659,619 shares of the company's stock valued at $691,182,000 after acquiring an additional 37,391 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Monster Beverage by 4.1% in the 1st quarter. Janus Henderson Group PLC now owns 11,209,122 shares of the company's stock valued at $664,469,000 after acquiring an additional 440,962 shares during the period. Ninety One UK Ltd boosted its stake in Monster Beverage by 93.9% during the 2nd 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. Finally, Epoch Investment Partners Inc. grew its holdings in Monster Beverage by 9.5% during the second quarter. Epoch Investment Partners Inc. now owns 3,174,103 shares of the company's stock valued at $158,546,000 after purchasing an additional 275,209 shares during the period. 72.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on MNST. TD Cowen increased their target price on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a "hold" rating in a report on Monday. Deutsche Bank Aktiengesellschaft reduced their target price on Monster Beverage from $61.00 to $59.00 and set a "buy" rating on the stock in a report on Friday, November 8th. Stifel Nicolaus increased their price target on Monster Beverage from $57.00 to $59.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Bank of America lifted their price objective on Monster Beverage from $56.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. Finally, Roth Mkm lowered their target price on Monster Beverage from $56.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $56.45.

Monster Beverage Stock Up 0.6 %

Shares of NASDAQ:MNST traded up $0.36 during midday trading on Wednesday, reaching $56.38. The company had a trading volume of 4,526,625 shares, compared to its average volume of 6,971,224. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The stock has a market cap of $54.83 billion, a PE ratio of 36.20, a P/E/G ratio of 2.67 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. The business's 50 day moving average price is $52.02 and its 200 day moving average price is $51.02.

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.