Monster Beverage Co. (NASDAQ:MNST) Stock Position Reduced by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its stake in Monster Beverage Co. (NASDAQ:MNST) by 20.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 64,756 shares of the company’s stock after selling 16,812 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Monster Beverage were worth $3,378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MNST. Vanguard Group Inc. lifted its holdings in shares of Monster Beverage by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 64,741,352 shares of the company’s stock valued at $3,837,867,000 after buying an additional 1,059,042 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Monster Beverage by 0.3% in the first quarter. Clearbridge Investments LLC now owns 11,659,619 shares of the company’s stock valued at $691,182,000 after acquiring an additional 37,391 shares during the last quarter. Janus Henderson Group PLC grew its position in Monster Beverage by 4.1% in the first quarter. Janus Henderson Group PLC now owns 11,209,122 shares of the company’s stock worth $664,469,000 after acquiring an additional 440,962 shares in the last quarter. Ninety One UK Ltd increased its stake in shares of Monster Beverage by 93.9% during the 2nd quarter. Ninety One UK Ltd now owns 7,477,852 shares of the company’s stock worth $373,519,000 after purchasing an additional 3,620,436 shares during the last quarter. Finally, Epoch Investment Partners Inc. raised its holdings in shares of Monster Beverage by 9.5% during the 2nd quarter. Epoch Investment Partners Inc. now owns 3,174,103 shares of the company’s stock valued at $158,546,000 after purchasing an additional 275,209 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on MNST. 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. Bank of America increased their price objective on Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Piper Sandler reduced their target price on Monster Beverage from $59.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. UBS Group increased their price target on Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Truist Financial reduced their price objective on shares of 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 equities research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $56.45.

Monster Beverage Stock Performance

MNST opened at $52.00 on Friday. The stock has a market cap of $50.57 billion, a PE ratio of 33.33, a P/E/G ratio of 2.69 and a beta of 0.74. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The stock’s 50 day simple moving average is $52.33 and its 200-day simple moving average is $51.09. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13.

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.