Monster Beverage Co. (NASDAQ:MNST) Shares Purchased by NS Partners Ltd

NS Partners Ltd lifted its stake in Monster Beverage Co. (NASDAQ:MNST) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 354,388 shares of the company’s stock after acquiring an additional 7,681 shares during the quarter. NS Partners Ltd’s holdings in Monster Beverage were worth $18,488,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MNST. Blair William & Co. IL lifted its holdings in shares of Monster Beverage by 37.0% in the 1st quarter. Blair William & Co. IL now owns 13,421 shares of the company’s stock worth $796,000 after acquiring an additional 3,624 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in Monster Beverage during the 1st quarter worth approximately $763,000. O Shaughnessy Asset Management LLC lifted its holdings in Monster Beverage by 16.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 61,033 shares of the company’s stock worth $3,618,000 after buying an additional 8,551 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Monster Beverage by 2.4% during the 1st quarter. Bessemer Group Inc. now owns 24,664 shares of the company’s stock worth $1,462,000 after buying an additional 570 shares in the last quarter. Finally, Lake Street Advisors Group LLC lifted its holdings in Monster Beverage by 33.9% during the 1st quarter. Lake Street Advisors Group LLC now owns 11,267 shares of the company’s stock worth $668,000 after buying an additional 2,851 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Trading Up 0.9 %

Shares of Monster Beverage stock opened at $53.73 on Wednesday. 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 quick ratio of 2.51 and a current ratio of 3.13. The company has a market capitalization of $52.25 billion, a P/E ratio of 34.44, a PEG ratio of 2.48 and a beta of 0.74. The company’s fifty day moving average is $52.52 and its two-hundred day moving average is $51.04.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MNST shares. Roth Mkm reduced their target price on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Truist Financial reduced their target price on shares of Monster Beverage from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Friday, August 9th. UBS Group increased their target price on shares of Monster Beverage from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Jefferies Financial Group reduced their price objective on shares of Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Two equities 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. According to data from MarketBeat, the company currently has a consensus 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.