Private Trust Co. NA Lowers Stake in Monster Beverage Co. (NASDAQ:MNST)

Private Trust Co. NA lessened its holdings in Monster Beverage Co. (NASDAQ:MNSTFree 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

A number of research firms have recently commented on MNST. Roth Mkm cut their price target on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Bank of America lifted their target price on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Argus increased their price objective on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. decreased their target price on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Finally, Citigroup reduced their price target on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.45.

Check Out Our Latest Analysis on Monster Beverage

About Monster Beverage

(Free Report)

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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Institutional Ownership by Quarter for Monster Beverage (NASDAQ:MNST)

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