Monster Beverage Co. (NASDAQ:MNST) Position Trimmed by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. reduced its position in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 33.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,306 shares of the company's stock after selling 16,424 shares during the period. Rockefeller Capital Management L.P.'s holdings in Monster Beverage were worth $1,689,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MNST. Loomis Sayles & Co. L P boosted its position in Monster Beverage by 4.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company's stock worth $1,416,048,000 after purchasing an additional 1,229,789 shares during the period. Ninety One UK Ltd boosted its position 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 buying an additional 3,620,436 shares during the period. Epoch Investment Partners Inc. grew its stake in shares of Monster Beverage by 9.5% in the second quarter. Epoch Investment Partners Inc. now owns 3,174,103 shares of the company's stock valued at $158,546,000 after buying an additional 275,209 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Monster Beverage by 1,148.0% in the third quarter. Assenagon Asset Management S.A. now owns 2,596,888 shares of the company's stock valued at $135,480,000 after buying an additional 2,388,798 shares in the last quarter. Finally, DSM Capital Partners LLC raised its holdings in shares of Monster Beverage by 13.7% during the 2nd quarter. DSM Capital Partners LLC now owns 2,225,726 shares of the company's stock valued at $111,175,000 after buying an additional 268,198 shares during the period. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Stock Performance

Shares of NASDAQ:MNST traded down $0.83 on Friday, hitting $52.27. The company's stock had a trading volume of 3,936,984 shares, compared to its average volume of 5,801,366. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.22. The stock's 50-day moving average is $53.25 and its two-hundred day moving average is $51.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The company has a market capitalization of $50.83 billion, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 2.57 and a beta of 0.74.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MNST. Roth Mkm dropped their price target on shares of Monster Beverage from $56.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday, August 12th. Stifel Nicolaus boosted their price target on Monster Beverage from $57.00 to $59.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. lowered their price objective on Monster Beverage from $50.00 to $49.00 and set a "neutral" rating for the company in a research note on Monday, November 4th. Argus upped their target price on Monster Beverage from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Finally, TD Cowen raised their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $56.45.

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.