Benjamin Edwards Inc. Increases Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Benjamin Edwards Inc. boosted its position in Monster Beverage Co. (NASDAQ:MNST) by 3,999.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,809 shares of the company’s stock after purchasing an additional 38,838 shares during the quarter. Benjamin Edwards Inc.’s holdings in Monster Beverage were worth $2,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Stephens Consulting LLC purchased a new stake in Monster Beverage in the 2nd quarter worth approximately $26,000. Kings Path Partners LLC purchased a new stake in Monster Beverage in the 2nd quarter worth approximately $30,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Monster Beverage in the 2nd quarter worth approximately $30,000. Quarry LP lifted its stake in Monster Beverage by 152.0% in the 2nd quarter. Quarry LP now owns 824 shares of the company’s stock worth $41,000 after purchasing an additional 497 shares in the last quarter. Finally, Crewe Advisors LLC lifted its stake in Monster Beverage by 37.5% in the 2nd quarter. Crewe Advisors LLC now owns 850 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares in the last quarter. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on MNST. Stifel Nicolaus increased their target price on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Citigroup decreased their price target on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. decreased their price target on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Finally, Roth Mkm decreased their price target on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.45.

Monster Beverage Price Performance

Shares of Monster Beverage stock opened at $53.75 on Thursday. The firm has a market cap of $52.27 billion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 2.63 and a beta of 0.74. Monster Beverage Co. has a 12-month low of $43.32 and a 12-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. The company’s fifty day simple moving average is $53.24 and its two-hundred day simple moving average is $51.06.

About Monster Beverage

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.