Sanctuary Advisors LLC Lowers Holdings in Monster Beverage Co. (NASDAQ:MNST)

Sanctuary Advisors LLC trimmed its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 1.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 164,123 shares of the company’s stock after selling 1,697 shares during the period. Sanctuary Advisors LLC’s holdings in Monster Beverage were worth $8,872,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Journey Advisory Group LLC increased its holdings in Monster Beverage by 4.1% in the 2nd quarter. Journey Advisory Group LLC now owns 4,970 shares of the company’s stock worth $248,000 after buying an additional 196 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Monster Beverage by 0.4% in the second quarter. Crossmark Global Holdings Inc. now owns 48,726 shares of the company’s stock worth $2,434,000 after acquiring an additional 211 shares during the period. Accretive Wealth Partners LLC raised its holdings in shares of Monster Beverage by 1.3% during the third quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company’s stock valued at $930,000 after purchasing an additional 225 shares during the last quarter. Crewe Advisors LLC lifted its position in Monster Beverage by 37.5% during 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 period. Finally, Ieq Capital LLC boosted its holdings in Monster Beverage by 0.3% in the second quarter. Ieq Capital LLC now owns 68,735 shares of the company’s stock worth $3,433,000 after purchasing an additional 232 shares during the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Stock Down 0.3 %

NASDAQ MNST opened at $52.76 on Friday. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.22. The stock’s 50 day moving average is $53.41 and its 200 day moving average is $51.06. The stock has a market cap of $51.31 billion, a PE ratio of 33.82, a P/E/G ratio of 2.49 and a beta of 0.74.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MNST shares. Argus increased 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. TD Cowen upped their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Stifel Nicolaus raised their price objective on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 8th. 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. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Monster Beverage currently has an average rating of “Moderate Buy” and an average price target of $56.45.

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.