Pine Valley Investments Ltd Liability Co Boosts Holdings in Monster Beverage Co. (NASDAQ:MNST)

Pine Valley Investments Ltd Liability Co raised its stake in Monster Beverage Co. (NASDAQ:MNST) by 10.4% during the third quarter, Holdings Channel reports. The fund owned 7,071 shares of the company’s stock after buying an additional 664 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Monster Beverage were worth $369,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Stephens Consulting LLC bought a new position in shares of Monster Beverage during the 2nd quarter worth $26,000. Kings Path Partners LLC purchased a new stake in Monster Beverage during the second quarter valued at about $30,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Monster Beverage during the second quarter valued at about $30,000. Quarry LP boosted its position in Monster Beverage by 152.0% during the second quarter. Quarry LP now owns 824 shares of the company’s stock worth $41,000 after purchasing an additional 497 shares during the period. Finally, Crewe Advisors LLC increased its stake in shares of Monster Beverage by 37.5% in the second 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 owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. cut their price target on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft reduced their price target on Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 8th. TD Cowen increased their price objective on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, Argus lifted their target price on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Two investment 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $56.45.

Monster Beverage Price Performance

Shares of NASDAQ:MNST opened at $52.76 on Friday. The company’s fifty day moving average price is $53.41 and its 200-day moving average price is $51.06. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The firm has a market capitalization of $51.31 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 2.49 and a beta of 0.74. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22.

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.