Swiss National Bank Decreases Stake in Monster Beverage Co. (NASDAQ:MNST)

Swiss National Bank lessened its stake in Monster Beverage Co. (NASDAQ:MNST) by 0.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,193,700 shares of the company’s stock after selling 8,000 shares during the quarter. Swiss National Bank owned 0.22% of Monster Beverage worth $114,445,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Journey Advisory Group LLC raised its position in shares of Monster Beverage by 4.1% during the 2nd quarter. Journey Advisory Group LLC now owns 4,970 shares of the company’s stock worth $248,000 after acquiring an additional 196 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Monster Beverage by 0.4% during the 2nd 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 in the last quarter. Crewe Advisors LLC raised its position in shares of Monster Beverage by 37.5% during the 2nd quarter. Crewe Advisors LLC now owns 850 shares of the company’s stock worth $42,000 after acquiring an additional 232 shares in the last quarter. Ieq Capital LLC raised its position in shares of Monster Beverage by 0.3% during the 2nd quarter. Ieq Capital LLC now owns 68,735 shares of the company’s stock worth $3,433,000 after acquiring an additional 232 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Monster Beverage by 20.6% during the 3rd quarter. UMB Bank n.a. now owns 1,412 shares of the company’s stock worth $74,000 after acquiring an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Up 2.4 %

MNST opened at $53.27 on Tuesday. The business’s fifty day moving average is $52.45 and its two-hundred day moving average is $51.04. 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 company has a market cap of $51.81 billion, a price-to-earnings ratio of 34.15, a PEG ratio of 2.48 and a beta of 0.74. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MNST shares. Evercore ISI cut 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. Piper Sandler cut their price target on Monster Beverage from $59.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Citigroup cut their price target on Monster Beverage from $60.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Stifel Nicolaus lifted their price target on Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.45.

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.