Tokio Marine Asset Management Co. Ltd. Reduces Holdings in Monster Beverage Co. (NASDAQ:MNST)

Tokio Marine Asset Management Co. Ltd. lowered its stake in Monster Beverage Co. (NASDAQ:MNST) by 1.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 75,316 shares of the company’s stock after selling 1,408 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Monster Beverage were worth $3,929,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. LRI Investments LLC bought a new position in Monster Beverage in the first quarter worth approximately $26,000. Stephens Consulting LLC purchased a new stake in Monster Beverage during the second quarter valued at approximately $26,000. Kings Path Partners LLC acquired a new stake in Monster Beverage in the second quarter valued at approximately $30,000. University of Texas Texas AM Investment Management Co. purchased a new position in Monster Beverage in the second quarter worth $30,000. Finally, Crewe Advisors LLC acquired a new position in shares of Monster Beverage during the first quarter worth $37,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MNST shares. Citigroup decreased their target price on Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Piper Sandler dropped their price objective on shares of Monster Beverage from $59.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their target price on Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 8th. TD Cowen boosted their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday. Finally, Roth Mkm cut their price objective on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $56.45.

Monster Beverage Stock Up 0.2 %

Shares of Monster Beverage stock traded up $0.09 during trading hours on Thursday, hitting $56.47. The company had a trading volume of 219,180 shares, compared to its average volume of 6,940,673. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The company’s 50-day moving average is $52.18 and its two-hundred day moving average is $51.06. The company has a market cap of $54.92 billion, a P/E ratio of 36.14, a price-to-earnings-growth ratio of 2.67 and a beta of 0.74. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22.

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.