Private Trust Co. NA lessened its holdings in Monster Beverage Co. (NASDAQ:MNST – Free Report) by 11.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,533 shares of the company’s stock after selling 570 shares during the quarter. Private Trust Co. NA’s holdings in Monster Beverage were worth $236,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Journey Advisory Group LLC grew its stake in shares of 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 during 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 last quarter. Accretive Wealth Partners LLC increased 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 acquiring an additional 225 shares in the last quarter. Crewe Advisors LLC raised its position in shares of Monster Beverage by 37.5% in the 2nd quarter. Crewe Advisors LLC now owns 850 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares during the last quarter. Finally, Ieq Capital LLC grew its position in Monster Beverage by 0.3% during the 2nd quarter. Ieq Capital LLC now owns 68,735 shares of the company’s stock valued at $3,433,000 after purchasing an additional 232 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.
Monster Beverage Stock Performance
MNST opened at $55.14 on Friday. The company has a 50 day simple moving average of $53.03 and a two-hundred day simple moving average of $51.08. 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 $53.62 billion, a P/E ratio of 35.35, a PEG ratio of 2.63 and a beta of 0.74. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22.
Wall Street Analyst Weigh In
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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.
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