Monster Beverage Co. (NASDAQ:MNST) Shares Bought by Raymond James Trust N.A.

Raymond James Trust N.A. boosted its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 8.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 19,263 shares of the company’s stock after buying an additional 1,568 shares during the quarter. Raymond James Trust N.A.’s holdings in Monster Beverage were worth $1,005,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MNST. Ninety One UK Ltd increased its holdings in shares of Monster Beverage by 93.9% in the second quarter. Ninety One UK Ltd now owns 7,477,852 shares of the company’s stock valued at $373,519,000 after purchasing an additional 3,620,436 shares during the period. Epoch Investment Partners Inc. increased its holdings in shares of Monster Beverage by 9.5% in the second 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 during the period. Assenagon Asset Management S.A. increased its holdings in shares of Monster Beverage by 1,148.0% in the third quarter. Assenagon Asset Management S.A. now owns 2,596,888 shares of the company’s stock valued at $135,480,000 after purchasing an additional 2,388,798 shares during the period. DSM Capital Partners LLC increased its holdings in shares of Monster Beverage by 13.7% in the second quarter. DSM Capital Partners LLC now owns 2,225,726 shares of the company’s stock valued at $111,175,000 after purchasing an additional 268,198 shares during the period. Finally, Natixis Advisors LLC increased its holdings in shares of Monster Beverage by 6.8% in the third quarter. Natixis Advisors LLC now owns 2,077,972 shares of the company’s stock valued at $108,408,000 after purchasing an additional 133,080 shares during the period. 72.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MNST shares. TD Cowen increased their price objective on Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, November 11th. Jefferies Financial Group cut their price objective on Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Argus upped their target price on Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft lowered their target price on Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. lowered their target price on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $56.45.

Monster Beverage Stock Performance

NASDAQ MNST opened at $54.06 on Monday. The stock has a market cap of $52.57 billion, a P/E ratio of 34.65, a PEG ratio of 2.58 and a beta of 0.74. The company’s 50-day simple moving average is $52.74 and its 200 day simple moving average is $51.03. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22. The company has a quick ratio of 2.51, a current ratio of 3.13 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.