Monster Beverage Co. (NASDAQ:MNST) Shares Sold by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. decreased its stake in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 49.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,950 shares of the company's stock after selling 58,198 shares during the period. Savoir Faire Capital Management L.P.'s holdings in Monster Beverage were worth $3,128,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of MNST. LRI Investments LLC purchased a new position in shares of Monster Beverage during the first quarter valued at approximately $26,000. Stephens Consulting LLC acquired a new stake in shares of Monster Beverage during the second quarter worth $26,000. Kings Path Partners LLC purchased a new stake in shares of Monster Beverage in the second quarter valued at $30,000. University of Texas Texas AM Investment Management Co. acquired a new position in Monster Beverage in the second quarter valued at $30,000. Finally, Crewe Advisors LLC purchased a new position in Monster Beverage during the first quarter worth about $37,000. Hedge funds and other institutional investors own 72.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MNST shares. TD Cowen upped their price objective on shares of Monster Beverage from $50.00 to $55.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Roth Mkm cut 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 lifted their price target on shares of Monster Beverage from $57.00 to $59.00 and gave the company a "buy" rating in a report on Friday, November 8th. BMO Capital Markets dropped their price objective on Monster Beverage from $56.00 to $54.00 and set a "market perform" rating for the company in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. reduced their target price on Monster Beverage from $50.00 to $49.00 and set a "neutral" rating on the stock in a report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Monster Beverage presently has an average rating of "Moderate Buy" and a consensus target price of $56.45.

Monster Beverage Stock Up 0.9 %

NASDAQ MNST traded up $0.46 during mid-day trading on Tuesday, reaching $53.73. 3,400,491 shares of the company's stock traded hands, compared to its average volume of 6,981,752. The company has a fifty day simple moving average of $52.45 and a 200-day simple moving average of $51.04. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The company has a market cap of $52.25 billion, a price-to-earnings ratio of 34.15, a P/E/G ratio of 2.48 and a beta of 0.74. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13.

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.