Logan Capital Management Inc. Has $7.46 Million Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Logan Capital Management Inc. trimmed its position in Monster Beverage Co. (NASDAQ:MNST) by 1.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 142,893 shares of the company’s stock after selling 1,375 shares during the quarter. Logan Capital Management Inc.’s holdings in Monster Beverage were worth $7,455,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Stephens Consulting LLC bought a new stake in Monster Beverage in the second quarter valued at approximately $26,000. Kings Path Partners LLC bought a new stake in Monster Beverage in the 2nd quarter valued at $30,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Monster Beverage during the 2nd quarter valued at $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 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. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. JPMorgan Chase & Co. reduced 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. Bank of America boosted their price objective on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. UBS Group upped their target price on Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft dropped their price target on Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, Needham & Company LLC initiated coverage on Monster Beverage in a report on Friday, December 6th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.45.

Monster Beverage Price Performance

Shares of NASDAQ MNST traded down $0.51 during trading hours on Friday, hitting $52.41. 239,415 shares of the stock were exchanged, compared to its average volume of 6,783,783. The company’s fifty day simple moving average is $53.38 and its two-hundred day simple moving average is $51.06. The company has a market cap of $50.97 billion, a PE ratio of 33.92, a price-to-earnings-growth ratio of 2.49 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. Monster Beverage Co. has a 1-year low of $43.32 and a 1-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.