Monster Beverage Co. (NASDAQ:MNST) Shares Bought by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. grew its stake in Monster Beverage Co. (NASDAQ:MNST) by 1.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 14,642 shares of the company’s stock after purchasing an additional 262 shares during the period. Great Valley Advisor Group Inc.’s holdings in Monster Beverage were worth $764,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Dai ichi Life Insurance Company Ltd lifted its holdings in Monster Beverage by 2.3% in the second quarter. Dai ichi Life Insurance Company Ltd now owns 23,858 shares of the company’s stock valued at $1,192,000 after acquiring an additional 532 shares during the period. Cetera Advisors LLC lifted its stake in shares of Monster Beverage by 128.1% in the 1st quarter. Cetera Advisors LLC now owns 20,527 shares of the company’s stock valued at $1,217,000 after purchasing an additional 11,528 shares during the period. Swedbank AB boosted its holdings in Monster Beverage by 23.1% during the second quarter. Swedbank AB now owns 121,731 shares of the company’s stock worth $6,080,000 after buying an additional 22,823 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in Monster Beverage by 50.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 100,367 shares of the company’s stock valued at $5,013,000 after buying an additional 33,478 shares during the period. Finally, Natixis Advisors LLC increased its holdings in Monster Beverage by 6.8% in the third quarter. Natixis Advisors LLC now owns 2,077,972 shares of the company’s stock valued at $108,408,000 after buying an additional 133,080 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Stock Up 1.7 %

Shares of MNST opened at $54.98 on Tuesday. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22. 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 stock has a fifty day simple moving average of $52.83 and a two-hundred day simple moving average of $51.02. The company has a market capitalization of $53.47 billion, a PE ratio of 35.24, a price-to-earnings-growth ratio of 2.58 and a beta of 0.74.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MNST shares. Stifel Nicolaus increased their target price on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Piper Sandler lowered their price target on Monster Beverage from $59.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. cut their price objective 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. Jefferies Financial Group decreased their target price on Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Evercore ISI cut their price target on shares of Monster Beverage from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $56.45.

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.