Avestar Capital LLC Raises Stake in Monster Beverage Co. (NASDAQ:MNST)

Avestar Capital LLC increased its holdings in Monster Beverage Co. (NASDAQ:MNST) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,386 shares of the company’s stock after buying an additional 326 shares during the quarter. Avestar Capital LLC’s holdings in Monster Beverage were worth $281,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Loomis Sayles & Co. L P raised its position in Monster Beverage by 4.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock worth $1,416,048,000 after buying an additional 1,229,789 shares during the last quarter. Ninety One UK Ltd raised its position in Monster Beverage by 93.9% during the 2nd quarter. Ninety One UK Ltd now owns 7,477,852 shares of the company’s stock worth $373,519,000 after buying an additional 3,620,436 shares during the last quarter. Epoch Investment Partners Inc. raised its position in Monster Beverage by 9.5% during the 2nd quarter. Epoch Investment Partners Inc. now owns 3,174,103 shares of the company’s stock worth $158,546,000 after buying an additional 275,209 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Monster Beverage by 1,148.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,596,888 shares of the company’s stock worth $135,480,000 after buying an additional 2,388,798 shares during the last quarter. Finally, DSM Capital Partners LLC raised its position in Monster Beverage by 13.7% during the 2nd quarter. DSM Capital Partners LLC now owns 2,225,726 shares of the company’s stock worth $111,175,000 after buying an additional 268,198 shares during the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Trading Up 0.6 %

Shares of MNST opened at $55.14 on Thursday. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week 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 firm’s fifty day moving average is $52.96 and its two-hundred day moving average is $51.05. The stock has a market cap of $53.62 billion, a PE ratio of 35.35, a price-to-earnings-growth ratio of 2.63 and a beta of 0.74.

Wall Street Analyst Weigh In

MNST has been the subject of a number of recent research reports. Royal Bank of Canada reduced their price target on shares of Monster Beverage from $64.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Argus lifted their target price on shares of Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Stifel Nicolaus lifted their target price on shares of Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 8th. Citigroup cut their target price on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Bank of America lifted their target price on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average 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.