Holocene Advisors LP Purchases Shares of 1,410,763 Monster Beverage Co. (NASDAQ:MNST)

Holocene Advisors LP purchased a new stake in shares of Monster Beverage Co. (NASDAQ:MNST) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,410,763 shares of the company’s stock, valued at approximately $73,600,000.

Other institutional investors have also added to or reduced their stakes in the company. Dai ichi Life Insurance Company Ltd grew its holdings in Monster Beverage by 2.3% during the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 23,858 shares of the company’s stock valued at $1,192,000 after buying an additional 532 shares in the last quarter. Cetera Advisors LLC boosted its holdings in shares of Monster Beverage by 128.1% in the 1st quarter. Cetera Advisors LLC now owns 20,527 shares of the company’s stock worth $1,217,000 after purchasing an additional 11,528 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Monster Beverage by 6.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 151,364 shares of the company’s stock worth $7,897,000 after purchasing an additional 9,496 shares during the period. Swedbank AB boosted its holdings in shares of Monster Beverage by 23.1% in the 2nd quarter. Swedbank AB now owns 121,731 shares of the company’s stock worth $6,080,000 after purchasing an additional 22,823 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in shares of Monster Beverage by 6.8% in the 3rd quarter. Natixis Advisors LLC now owns 2,077,972 shares of the company’s stock worth $108,408,000 after purchasing an additional 133,080 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Trading Down 0.3 %

Shares of NASDAQ MNST opened at $54.98 on Tuesday. 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 business has a fifty day simple moving average of $53.11 and a two-hundred day simple moving average of $51.03. The firm has a market cap of $53.47 billion, a PE ratio of 35.24, a price-to-earnings-growth ratio of 2.63 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.

Analysts Set New Price Targets

A number of brokerages have recently commented on MNST. JPMorgan Chase & Co. dropped their target price on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Monday, November 4th. UBS Group lifted their target price on Monster Beverage from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. BMO Capital Markets dropped their target price on Monster Beverage from $56.00 to $54.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. Bank of America raised their price target on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Truist Financial decreased their price target on Monster Beverage from $46.00 to $40.00 and set a “sell” rating for the company in a research note on Friday, August 9th. Two 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 company’s stock. According to MarketBeat, Monster Beverage has an average rating of “Moderate Buy” and a consensus target price of $56.45.

Monster Beverage 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.