Monster Beverage Co. (NASDAQ:MNST) Shares Bought by NS Partners Ltd

NS Partners Ltd raised its position in Monster Beverage Co. (NASDAQ:MNST) by 2.2% in the 3rd quarter, Holdings Channel reports. The fund owned 354,388 shares of the company’s stock after acquiring an additional 7,681 shares during the period. NS Partners Ltd’s holdings in Monster Beverage were worth $18,488,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in MNST. Ninety One UK Ltd lifted its stake in shares of Monster Beverage by 93.9% in the second quarter. Ninety One UK Ltd now owns 7,477,852 shares of the company’s stock valued at $373,519,000 after purchasing an additional 3,620,436 shares during the period. Assenagon Asset Management S.A. raised its position in Monster Beverage by 1,148.0% during the third quarter. Assenagon Asset Management S.A. now owns 2,596,888 shares of the company’s stock worth $135,480,000 after acquiring an additional 2,388,798 shares during the last quarter. AMF Tjanstepension AB acquired a new position in Monster Beverage during the second quarter worth about $81,757,000. Public Sector Pension Investment Board raised its position in Monster Beverage by 9,260.6% during the second quarter. Public Sector Pension Investment Board now owns 1,041,275 shares of the company’s stock worth $52,012,000 after acquiring an additional 1,030,151 shares during the last quarter. Finally, Epoch Investment Partners Inc. raised its position in Monster Beverage by 37.1% during the first quarter. Epoch Investment Partners Inc. now owns 2,898,894 shares of the company’s stock worth $171,846,000 after acquiring an additional 784,606 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analyst Ratings Changes

MNST has been the subject of a number of recent research reports. Roth Mkm lowered their price target on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Stifel Nicolaus boosted 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. JPMorgan Chase & Co. lowered their target price on shares of 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 lowered their target price on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, BMO Capital Markets lowered their target price on shares of Monster Beverage from $56.00 to $54.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.45.

Monster Beverage Trading Up 0.9 %

NASDAQ MNST opened at $53.73 on Wednesday. The company’s fifty day simple moving average is $52.52 and its 200-day simple moving average is $51.04. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.22. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The stock has a market cap of $52.25 billion, a P/E ratio of 34.44, a PEG ratio of 2.48 and a beta of 0.74.

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.