Brooklyn Investment Group Sells 632 Shares of Monster Beverage Co. (NASDAQ:MNST)

Brooklyn Investment Group lowered its position in Monster Beverage Co. (NASDAQ:MNST) by 15.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,511 shares of the company’s stock after selling 632 shares during the period. Brooklyn Investment Group’s holdings in Monster Beverage were worth $183,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Loomis Sayles & Co. L P increased its holdings in Monster Beverage by 4.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock valued at $1,416,048,000 after purchasing an additional 1,229,789 shares in the last quarter. Harvest Fund Management Co. Ltd grew its holdings in shares of Monster Beverage by 43.8% during the third quarter. Harvest Fund Management Co. Ltd now owns 45,342 shares of the company’s stock worth $2,365,000 after purchasing an additional 13,816 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Monster Beverage by 6.7% in the third quarter. Daiwa Securities Group Inc. now owns 151,364 shares of the company’s stock valued at $7,897,000 after buying an additional 9,496 shares in the last quarter. Hartford Funds Management Co LLC raised its holdings in shares of Monster Beverage by 15.9% in the third quarter. Hartford Funds Management Co LLC now owns 6,727 shares of the company’s stock valued at $351,000 after buying an additional 924 shares during the last quarter. Finally, Summit Trail Advisors LLC lifted its position in Monster Beverage by 51.3% during the 3rd quarter. Summit Trail Advisors LLC now owns 14,764 shares of the company’s stock worth $770,000 after buying an additional 5,003 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

MNST has been the subject of several research reports. Stifel Nicolaus raised their price objective on shares of Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. lowered their price target on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Roth Mkm lowered their target price on Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Finally, TD Cowen upped their price target on Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Monster Beverage currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.45.

Monster Beverage Price Performance

NASDAQ MNST opened at $54.83 on Wednesday. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week 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 business has a 50 day simple moving average of $52.90 and a 200 day simple moving average of $51.02. The stock has a market cap of $53.32 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 2.63 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.