Monster Beverage Co. (NASDAQ:MNST) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank increased its holdings in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 82.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 396,879 shares of the company's stock after purchasing an additional 179,684 shares during the period. Toronto Dominion Bank's holdings in Monster Beverage were worth $20,705,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MNST. Stephens Consulting LLC purchased a new position in shares of Monster Beverage during the 2nd quarter worth about $26,000. Kings Path Partners LLC bought a new stake in Monster Beverage in the second quarter worth about $30,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Monster Beverage during the second quarter valued at approximately $30,000. Quarry LP grew its stake in shares of Monster Beverage by 152.0% during the second quarter. Quarry LP now owns 824 shares of the company's stock valued at $41,000 after buying an additional 497 shares during the last quarter. Finally, Crewe Advisors LLC raised its holdings in shares of Monster Beverage by 37.5% in the second quarter. Crewe Advisors LLC now owns 850 shares of the company's stock worth $42,000 after buying an additional 232 shares during the period. Hedge funds and other institutional investors own 72.36% of the company's stock.

Analysts Set New Price Targets

MNST has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Monster Beverage from $61.00 to $59.00 and set a "buy" rating on the stock in a report on Friday, November 8th. TD Cowen upped their target price on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Argus lifted their price target on shares of Monster Beverage from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. UBS Group increased their price objective on Monster Beverage from $55.00 to $57.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. decreased their target price on Monster Beverage from $50.00 to $49.00 and set a "neutral" rating for the company in a research report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $56.45.

Monster Beverage Stock Performance

Shares of NASDAQ MNST traded down $0.16 during mid-day trading on Friday, hitting $52.76. The stock had a trading volume of 4,695,328 shares, compared to its average volume of 6,802,524. The firm has a market cap of $51.31 billion, a PE ratio of 33.92, a PEG ratio of 2.49 and a beta of 0.74. 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 50 day moving average of $53.38 and a two-hundred day moving average of $51.06. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22.

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.