Monster Beverage Co. (NASDAQ:MNST) Stake Lessened by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC lowered its holdings in Monster Beverage Co. (NASDAQ:MNST) by 30.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,363 shares of the company’s stock after selling 3,230 shares during the period. Insigneo Advisory Services LLC’s holdings in Monster Beverage were worth $384,000 as of its most recent SEC filing.

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

Monster Beverage Stock Down 1.6 %

NASDAQ MNST opened at $52.27 on Monday. 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 firm has a 50-day simple moving average of $53.25 and a 200 day simple moving average of $51.03. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22. The stock has a market cap of $50.83 billion, a PE ratio of 33.51, a PEG ratio of 2.57 and a beta of 0.74.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MNST shares. UBS Group upped their price target on shares of Monster Beverage from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Argus upped their price target on shares of Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Roth Mkm lowered their target price on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Deutsche Bank Aktiengesellschaft lowered 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. Finally, TD Cowen increased their target price on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Monster Beverage has a consensus rating of “Moderate Buy” and an average 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.