IHT Wealth Management LLC Buys 4,285 Shares of Monster Beverage Co. (NASDAQ:MNST)

IHT Wealth Management LLC grew its stake in Monster Beverage Co. (NASDAQ:MNST) by 100.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,569 shares of the company’s stock after buying an additional 4,285 shares during the period. IHT Wealth Management LLC’s holdings in Monster Beverage were worth $445,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MNST. Stephens Consulting LLC bought a new stake in Monster Beverage during the second quarter worth approximately $26,000. Kings Path Partners LLC bought a new stake in shares of Monster Beverage during the 2nd quarter worth $30,000. University of Texas Texas AM Investment Management Co. acquired a new position in Monster Beverage in the 2nd quarter valued at $30,000. Quarry LP raised its holdings in Monster Beverage by 152.0% in the 2nd quarter. Quarry LP now owns 824 shares of the company’s stock worth $41,000 after acquiring an additional 497 shares during the period. Finally, Crewe Advisors LLC lifted its position in Monster Beverage by 37.5% during the 2nd quarter. Crewe Advisors LLC now owns 850 shares of the company’s stock worth $42,000 after acquiring an additional 232 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

Shares of MNST stock opened at $52.27 on Monday. The stock’s fifty day simple moving average is $53.25 and its 200 day simple moving average is $51.03. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22. The firm has a market cap of $50.83 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 2.57 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51.

Wall Street Analyst Weigh In

MNST has been the topic of a number of recent analyst reports. Argus lifted their price objective on Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. UBS Group lifted their price target on Monster Beverage from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. reduced 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. Needham & Company LLC initiated coverage on shares of Monster Beverage in a research report on Friday. They set a “hold” rating on the stock. Finally, TD Cowen upped their target price 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.45.

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.