Avestar Capital LLC Boosts Position in Monster Beverage Co. (NASDAQ:MNST)

Avestar Capital LLC lifted its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 6.4% during the 3rd quarter, Holdings Channel reports. The fund owned 5,386 shares of the company’s stock after buying an additional 326 shares during the quarter. Avestar Capital LLC’s holdings in Monster Beverage were worth $281,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Journey Advisory Group LLC boosted its holdings in Monster Beverage by 4.1% in the second quarter. Journey Advisory Group LLC now owns 4,970 shares of the company’s stock valued at $248,000 after purchasing an additional 196 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Monster Beverage by 0.4% in the second quarter. Crossmark Global Holdings Inc. now owns 48,726 shares of the company’s stock valued at $2,434,000 after purchasing an additional 211 shares in the last quarter. Accretive Wealth Partners LLC boosted its holdings in Monster Beverage by 1.3% in the third quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company’s stock valued at $930,000 after purchasing an additional 225 shares in the last quarter. Crewe Advisors LLC boosted its holdings in Monster Beverage by 37.5% in the second quarter. Crewe Advisors LLC now owns 850 shares of the company’s stock valued at $42,000 after purchasing an additional 232 shares in the last quarter. Finally, Ieq Capital LLC boosted its holdings in Monster Beverage by 0.3% in the second quarter. Ieq Capital LLC now owns 68,735 shares of the company’s stock valued at $3,433,000 after purchasing an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MNST shares. Jefferies Financial Group lowered their price target on Monster Beverage from $61.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. lowered their price target on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Bank of America increased their price objective on Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. TD Cowen increased their price objective on Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, Stifel Nicolaus increased their price objective on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Monster Beverage currently has an average rating of “Moderate Buy” and a consensus price target of $56.45.

Monster Beverage Trading Up 0.6 %

NASDAQ:MNST opened at $55.14 on Thursday. The stock has a fifty day moving average price of $52.96 and a two-hundred day moving average price of $51.05. The stock has a market capitalization of $53.62 billion, a price-to-earnings ratio of 35.35, a PEG ratio of 2.63 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. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year 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.