Hantz Financial Services Inc. Has $2.89 Million Stake in Monster Beverage Co. (NASDAQ:MNST)

Hantz Financial Services Inc. boosted its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 2.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,481 shares of the company’s stock after acquiring an additional 1,435 shares during the period. Hantz Financial Services Inc.’s holdings in Monster Beverage were worth $2,894,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MNST. LRI Investments LLC acquired a new position in Monster Beverage in the first quarter valued at about $26,000. Stephens Consulting LLC bought a new stake in shares of Monster Beverage during the 2nd quarter worth approximately $26,000. Kings Path Partners LLC acquired a new stake in shares of Monster Beverage during the 2nd quarter worth approximately $30,000. University of Texas Texas AM Investment Management Co. bought a new position in Monster Beverage in the second quarter valued at approximately $30,000. Finally, Quarry LP raised its position in Monster Beverage by 152.0% during the second quarter. Quarry LP now owns 824 shares of the company’s stock valued at $41,000 after purchasing an additional 497 shares in the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $55.13 on Friday. 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 company has a market capitalization of $53.62 billion, a PE ratio of 35.34, a P/E/G ratio of 2.63 and a beta of 0.74. The firm has a fifty day simple moving average of $53.11 and a 200 day simple moving average of $51.06. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MNST shares. Jefferies Financial Group reduced their target price on Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Evercore ISI decreased their target price on Monster Beverage from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 8th. UBS Group lifted their price target on shares of Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Argus increased their price objective on shares of Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. 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 stock. According to MarketBeat, the stock 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.