TD Private Client Wealth LLC Sells 829 Shares of Monster Beverage Co. (NASDAQ:MNST)

TD Private Client Wealth LLC trimmed its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 3.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,524 shares of the company’s stock after selling 829 shares during the period. TD Private Client Wealth LLC’s holdings in Monster Beverage were worth $1,071,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Stephens Consulting LLC bought a new position in shares of Monster Beverage in the second quarter valued at about $26,000. Kings Path Partners LLC acquired a new stake in Monster Beverage in the 2nd quarter valued at about $30,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Monster Beverage in the second quarter worth about $30,000. Quarry LP lifted its position in shares of 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 in the last quarter. Finally, Crewe Advisors LLC lifted its position in shares of Monster Beverage by 37.5% during the second quarter. Crewe Advisors LLC now owns 850 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on MNST. TD Cowen boosted their price objective on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. UBS Group upped their price target on Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Argus lifted their price objective on Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Wells Fargo & Company boosted their price objective on Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price 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 assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Monster Beverage presently has a consensus rating of “Moderate Buy” and an average price target of $56.45.

Monster Beverage Stock Performance

MNST opened at $52.76 on Friday. The company has a market capitalization of $51.31 billion, a price-to-earnings ratio of 33.82, a P/E/G ratio of 2.49 and a beta of 0.74. The business’s 50-day moving average price is $53.41 and its two-hundred day moving average price is $51.06. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year 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.

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.