Oppenheimer Asset Management Inc. Has $3.38 Million Holdings in Monster Beverage Co. (NASDAQ:MNST)

Oppenheimer Asset Management Inc. lessened its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 20.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,756 shares of the company’s stock after selling 16,812 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Monster Beverage were worth $3,378,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. LRI Investments LLC acquired a new position in Monster Beverage in the first quarter valued at about $26,000. Stephens Consulting LLC bought a new stake in Monster Beverage during the 2nd quarter worth approximately $26,000. Kings Path Partners LLC acquired a new stake in Monster Beverage during the 2nd quarter valued at $30,000. University of Texas Texas AM Investment Management Co. bought a new position in Monster Beverage in the 2nd quarter valued at $30,000. Finally, Crewe Advisors LLC acquired a new position in Monster Beverage in the first quarter worth $37,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Wall Street Analyst Weigh In

MNST has been the subject of a number of research reports. UBS Group raised their target price on Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. BMO Capital Markets reduced their target price on shares of Monster Beverage from $56.00 to $54.00 and set a “market perform” rating on the stock in a research report on Thursday, August 8th. Bank of America increased their price target on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Stifel Nicolaus upped their price objective on Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 8th. 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 research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $56.45.

Monster Beverage Stock Down 7.1 %

NASDAQ:MNST opened at $52.00 on Friday. The stock has a market cap of $50.57 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 2.69 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. The stock has a 50-day moving average price of $52.33 and a two-hundred day moving average price of $51.09. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22.

Monster Beverage 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.