Monster Beverage Co. (NASDAQ:MNST) Shares Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC increased its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 51.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,764 shares of the company’s stock after purchasing an additional 5,003 shares during the period. Summit Trail Advisors LLC’s holdings in Monster Beverage were worth $770,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LRI Investments LLC bought a new position in Monster Beverage during the first quarter valued at about $26,000. Stephens Consulting LLC bought a new position in shares of Monster Beverage during the 2nd quarter valued at about $26,000. Kings Path Partners LLC acquired a new position in shares of Monster Beverage in the 2nd quarter worth approximately $30,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Monster Beverage in the 2nd quarter worth approximately $30,000. Finally, Quarry LP lifted its stake in Monster Beverage by 152.0% during the second quarter. Quarry LP now owns 824 shares of the company’s stock valued at $41,000 after purchasing an additional 497 shares during the last quarter. 72.36% of the stock is owned by institutional investors.

Monster Beverage Price Performance

NASDAQ MNST opened at $54.98 on Tuesday. The stock’s 50-day moving average is $52.83 and its two-hundred day moving average is $51.02. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The firm has a market cap of $53.47 billion, a P/E ratio of 35.24, a price-to-earnings-growth ratio of 2.58 and a beta of 0.74.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MNST shares. Wells Fargo & Company upped their price target on Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Roth Mkm reduced their target price on Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Jefferies Financial Group dropped their price target on Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Royal Bank of Canada reduced their price objective on shares of Monster Beverage from $64.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Citigroup decreased 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. Two investment analysts have rated the stock with a sell rating, six have assigned 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 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.