Knuff & Co LLC Has $4.96 Million Stake in Monster Beverage Co. (NASDAQ:MNST)

Knuff & Co LLC raised its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 24.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 94,989 shares of the company’s stock after purchasing an additional 18,669 shares during the quarter. Monster Beverage accounts for 1.5% of Knuff & Co LLC’s investment portfolio, making the stock its 20th biggest holding. Knuff & Co LLC’s holdings in Monster Beverage were worth $4,956,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Caprock Group LLC lifted its stake in Monster Beverage by 5.5% in the 3rd quarter. Caprock Group LLC now owns 14,057 shares of the company’s stock worth $733,000 after acquiring an additional 733 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Monster Beverage by 0.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 39,187 shares of the company’s stock valued at $2,045,000 after purchasing an additional 259 shares during the period. Claro Advisors LLC purchased a new stake in shares of Monster Beverage in the third quarter worth approximately $393,000. Atlanta Consulting Group Advisors LLC acquired a new stake in shares of Monster Beverage during the third quarter worth approximately $589,000. Finally, Sather Financial Group Inc boosted its holdings in shares of Monster Beverage by 4.7% during the third quarter. Sather Financial Group Inc now owns 1,056,353 shares of the company’s stock worth $55,110,000 after purchasing an additional 46,990 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Trading Up 2.4 %

Shares of NASDAQ:MNST opened at $53.27 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The stock’s 50-day moving average is $52.45 and its 200-day moving average is $51.04. The company has a market cap of $51.81 billion, a P/E ratio of 34.15, a P/E/G ratio of 2.48 and a beta of 0.74. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MNST. Piper Sandler cut their target price on shares of Monster Beverage from $59.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Stifel Nicolaus upped their price target on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Jefferies Financial Group reduced their price objective on Monster Beverage from $61.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Evercore ISI dropped their target price on Monster Beverage from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. cut their price target on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Monster Beverage currently has a consensus rating of “Moderate Buy” and an average target price of $56.45.

Monster Beverage 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.