United Services Automobile Association Has $888,000 Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

United Services Automobile Association reduced its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 20.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,023 shares of the company’s stock after selling 4,509 shares during the period. United Services Automobile Association’s holdings in Monster Beverage were worth $888,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Stephens Consulting LLC acquired a new position in shares of Monster Beverage during the second quarter worth about $26,000. Kings Path Partners LLC acquired a new position in Monster Beverage during the 2nd quarter worth approximately $30,000. University of Texas Texas AM Investment Management Co. acquired a new position in Monster Beverage during the 2nd quarter worth approximately $30,000. Quarry LP grew its stake in shares of Monster Beverage by 152.0% during the 2nd quarter. Quarry LP now owns 824 shares of the company’s stock worth $41,000 after acquiring an additional 497 shares in the last quarter. Finally, 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 purchasing an additional 232 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $52.27 on Monday. The firm has a market cap of $50.83 billion, a P/E ratio of 33.51, a price-to-earnings-growth ratio of 2.57 and a beta of 0.74. The business’s 50 day moving average is $53.25 and its 200-day moving average is $51.03. 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 Co. has a 1-year low of $43.32 and a 1-year high of $61.22.

Analysts Set New Price Targets

MNST has been the subject of a number of analyst reports. TD Cowen raised their target price on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, November 11th. 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 report on Friday, November 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 research report on Friday, November 8th. Stifel Nicolaus boosted their price target on Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Argus upped their price objective on Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Monster Beverage currently has a consensus rating of “Moderate Buy” and an average target price 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.