Great Valley Advisor Group Inc. Buys 262 Shares of Monster Beverage Co. (NASDAQ:MNST)

Great Valley Advisor Group Inc. grew its stake in Monster Beverage Co. (NASDAQ:MNST) by 1.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,642 shares of the company’s stock after acquiring an additional 262 shares during the period. Great Valley Advisor Group Inc.’s holdings in Monster Beverage were worth $764,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Journey Advisory Group LLC increased its holdings in Monster Beverage by 4.1% during the 2nd quarter. Journey Advisory Group LLC now owns 4,970 shares of the company’s stock worth $248,000 after purchasing an additional 196 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Monster Beverage by 0.4% during the second quarter. Crossmark Global Holdings Inc. now owns 48,726 shares of the company’s stock valued at $2,434,000 after buying an additional 211 shares during the period. Accretive Wealth Partners LLC increased its stake in shares of Monster Beverage by 1.3% during the third quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company’s stock valued at $930,000 after buying an additional 225 shares during the period. Crewe Advisors LLC raised its holdings in shares of Monster Beverage by 37.5% in the second quarter. Crewe Advisors LLC now owns 850 shares of the company’s stock valued at $42,000 after acquiring an additional 232 shares in the last quarter. Finally, Ieq Capital LLC lifted its stake in Monster Beverage by 0.3% in the second quarter. Ieq Capital LLC now owns 68,735 shares of the company’s stock worth $3,433,000 after acquiring an additional 232 shares during the period. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Stock Up 1.7 %

Shares of MNST stock opened at $54.98 on Tuesday. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The firm has a market capitalization of $53.47 billion, a PE ratio of 35.24, a P/E/G ratio of 2.58 and a beta of 0.74. 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 stock’s 50-day simple moving average is $52.83 and its 200-day simple moving average is $51.02.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MNST shares. JPMorgan Chase & Co. reduced 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. BMO Capital Markets reduced their price objective on shares of Monster Beverage from $56.00 to $54.00 and set a “market perform” rating for the company in a research note on Thursday, August 8th. Truist Financial lowered their target price on Monster Beverage from $46.00 to $40.00 and set a “sell” rating for the company in a report on Friday, August 9th. TD Cowen lifted their price target on Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, Bank of America upped their price objective on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Two equities 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $56.45.

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.