Monster Beverage Co. (NASDAQ:MNST) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its holdings in Monster Beverage Co. (NASDAQ:MNST) by 6.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 151,364 shares of the company’s stock after buying an additional 9,496 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Monster Beverage were worth $7,897,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of MNST. LRI Investments LLC acquired a new stake in shares of Monster Beverage in the 1st quarter valued at $26,000. Stephens Consulting LLC purchased a new stake in Monster Beverage during the 2nd quarter worth about $26,000. Kings Path Partners LLC purchased a new stake in Monster Beverage during the 2nd quarter worth about $30,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Monster Beverage during the 2nd quarter worth about $30,000. Finally, Quarry LP increased its holdings in shares of Monster Beverage by 152.0% in the 2nd quarter. Quarry LP now owns 824 shares of the company’s stock valued at $41,000 after acquiring an additional 497 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

MNST has been the topic of a number of research analyst reports. Piper Sandler cut their price objective on shares of Monster Beverage from $59.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Citigroup decreased their price objective on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Truist Financial cut their target price on Monster Beverage from $46.00 to $40.00 and set a “sell” rating on the stock in a research report on Friday, August 9th. Argus lifted their price target on Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Stifel Nicolaus increased their price objective on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.45.

Monster Beverage Price Performance

Shares of NASDAQ:MNST opened at $54.98 on Tuesday. 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 business’s fifty day moving average price is $52.83 and its two-hundred day moving average price is $51.02. The stock has a market cap of $53.47 billion, a PE ratio of 35.24, a price-to-earnings-growth ratio of 2.58 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.

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.