Savoir Faire Capital Management L.P. Has $3.13 Million Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Savoir Faire Capital Management L.P. cut its position in Monster Beverage Co. (NASDAQ:MNST) by 49.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,950 shares of the company’s stock after selling 58,198 shares during the period. Savoir Faire Capital Management L.P.’s holdings in Monster Beverage were worth $3,128,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. LRI Investments LLC purchased a new position in shares of Monster Beverage in the 1st quarter worth approximately $26,000. Stephens Consulting LLC bought a new stake in shares of Monster Beverage in the 2nd quarter worth approximately $26,000. Kings Path Partners LLC bought a new stake in shares of Monster Beverage in the 2nd quarter worth approximately $30,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Monster Beverage in the 2nd quarter worth approximately $30,000. Finally, Crewe Advisors LLC bought a new stake in shares of Monster Beverage in the 1st quarter worth approximately $37,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Stock Up 2.4 %

NASDAQ:MNST opened at $53.27 on Tuesday. The firm has a market capitalization of $51.81 billion, a P/E ratio of 34.15, a PEG ratio of 2.48 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 company’s fifty day moving average price is $52.45 and its 200-day moving average price is $51.04. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. BMO Capital Markets lowered their price target on shares of Monster Beverage from $56.00 to $54.00 and set a “market perform” rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company boosted their target price on shares of Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Stifel Nicolaus boosted their target price on shares of Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 8th. UBS Group boosted their target price on shares of Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Bank of America boosted their target price on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. 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 stock. According to data from MarketBeat.com, Monster Beverage presently has an average rating of “Moderate Buy” and an average price target 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.