American Trust Makes New $687,000 Investment in Monster Beverage Co. (NASDAQ:MNST)

American Trust bought a new stake in Monster Beverage Co. (NASDAQ:MNST) in the third quarter, HoldingsChannel reports. The firm bought 13,159 shares of the company’s stock, valued at approximately $687,000.

Other hedge funds also recently made changes to their positions in the company. Peapack Gladstone Financial Corp lifted its position in Monster Beverage by 22.9% during the third quarter. Peapack Gladstone Financial Corp now owns 6,064 shares of the company’s stock valued at $316,000 after buying an additional 1,131 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Monster Beverage in the 3rd quarter worth about $307,000. Pine Valley Investments Ltd Liability Co lifted its position in Monster Beverage by 10.4% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 7,071 shares of the company’s stock valued at $369,000 after acquiring an additional 664 shares during the period. Hohimer Wealth Management LLC boosted its stake in Monster Beverage by 3.6% during the third quarter. Hohimer Wealth Management LLC now owns 20,420 shares of the company’s stock worth $1,065,000 after acquiring an additional 714 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its holdings in Monster Beverage by 7.2% in the third quarter. Rehmann Capital Advisory Group now owns 5,855 shares of the company’s stock worth $307,000 after purchasing an additional 391 shares during the period. 72.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MNST. UBS Group boosted their price target on Monster Beverage from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Bank of America increased their target price on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. TD Cowen raised their price target on Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, November 11th. 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. Finally, Needham & Company LLC began coverage on shares of Monster Beverage in a research note on Friday, December 6th. They set a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $56.45.

Monster Beverage Stock Performance

MNST stock opened at $52.76 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The company has a market cap of $51.31 billion, a P/E ratio of 33.82, a price-to-earnings-growth ratio of 2.49 and a beta of 0.74. The stock’s fifty day moving average price is $53.41 and its 200-day moving average price is $51.06.

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.