Janus Henderson Group PLC Buys 11,779,162 Shares of Monster Beverage Co. (NASDAQ:MNST)

Janus Henderson Group PLC grew its position in Monster Beverage Co. (NASDAQ:MNST) by 109.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,559,092 shares of the company’s stock after purchasing an additional 11,779,162 shares during the quarter. Monster Beverage comprises approximately 0.6% of Janus Henderson Group PLC’s investment portfolio, making the stock its 25th biggest position. Janus Henderson Group PLC owned about 2.32% of Monster Beverage worth $1,176,913,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Cetera Investment Advisers raised its position in Monster Beverage by 64.9% during the first quarter. Cetera Investment Advisers now owns 79,366 shares of the company’s stock valued at $4,705,000 after purchasing an additional 31,225 shares in the last quarter. Cetera Advisors LLC raised its position in shares of Monster Beverage by 128.1% during the first quarter. Cetera Advisors LLC now owns 20,527 shares of the company’s stock worth $1,217,000 after acquiring an additional 11,528 shares during the last quarter. Mather Group LLC. boosted its stake in shares of Monster Beverage by 14.1% in the 2nd quarter. Mather Group LLC. now owns 6,491 shares of the company’s stock valued at $324,000 after purchasing an additional 801 shares during the last quarter. RDA Financial Network raised its position in shares of Monster Beverage by 23.0% in the 2nd quarter. RDA Financial Network now owns 17,613 shares of the company’s stock worth $880,000 after acquiring an additional 3,289 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its position in shares of Monster Beverage by 28.5% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 69,716 shares of the company’s stock valued at $3,482,000 after acquiring an additional 15,450 shares during the period. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Performance

Shares of MNST opened at $54.98 on Tuesday. 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 stock has a market capitalization of $53.47 billion, a price-to-earnings ratio of 35.24, a price-to-earnings-growth ratio of 2.63 and a beta of 0.74. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22. The stock’s 50-day simple moving average is $53.11 and its 200 day simple moving average is $51.03.

Analyst Ratings Changes

MNST has been the topic of several recent research reports. Truist Financial cut their price target on Monster Beverage from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Friday, August 9th. Evercore ISI reduced their price target on shares of Monster Beverage from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Wells Fargo & Company upped their price objective on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Piper Sandler reduced their price objective on shares of Monster Beverage from $59.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, Argus boosted their target price on shares of Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.