Baillie Gifford & Co. Invests $14.82 Million in Monster Beverage Co. (NASDAQ:MNST)

Baillie Gifford & Co. bought a new stake in Monster Beverage Co. (NASDAQ:MNST) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 284,051 shares of the company’s stock, valued at approximately $14,819,000.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Monster Beverage by 1.7% in the first quarter. Vanguard Group Inc. now owns 64,741,352 shares of the company’s stock worth $3,837,867,000 after acquiring an additional 1,059,042 shares during the period. Clearbridge Investments LLC raised its holdings in Monster Beverage by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 11,659,619 shares of the company’s stock worth $691,182,000 after purchasing an additional 37,391 shares during the period. Janus Henderson Group PLC raised its holdings in Monster Beverage by 4.1% in the 1st quarter. Janus Henderson Group PLC now owns 11,209,122 shares of the company’s stock worth $664,469,000 after purchasing an additional 440,962 shares during the period. Ninety One UK Ltd boosted its position in Monster Beverage by 93.9% during the second quarter. Ninety One UK Ltd now owns 7,477,852 shares of the company’s stock worth $373,519,000 after purchasing an additional 3,620,436 shares in the last quarter. Finally, Epoch Investment Partners Inc. grew its holdings in Monster Beverage by 9.5% in the second quarter. Epoch Investment Partners Inc. now owns 3,174,103 shares of the company’s stock valued at $158,546,000 after purchasing an additional 275,209 shares during the period. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MNST shares. TD Cowen upped their target price on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Citigroup reduced their price target on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Stifel Nicolaus lifted 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, Truist Financial cut their price objective on Monster Beverage from $46.00 to $40.00 and set a “sell” rating for the company in a research note on Friday, August 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.45.

Monster Beverage Stock Performance

NASDAQ:MNST opened at $56.02 on Wednesday. The company’s 50-day moving average is $51.86 and its two-hundred day moving average is $51.00. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.41 and a quick ratio of 2.69. The firm has a market capitalization of $54.87 billion, a price-to-earnings ratio of 35.91, a PEG ratio of 2.47 and a beta of 0.74.

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.