Ashton Thomas Securities LLC Has $824,000 Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Ashton Thomas Securities LLC grew its position in Monster Beverage Co. (NASDAQ:MNST) by 13.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 15,802 shares of the company’s stock after purchasing an additional 1,874 shares during the period. Ashton Thomas Securities LLC’s holdings in Monster Beverage were worth $824,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Edmond DE Rothschild Holding S.A. lifted its position in shares of Monster Beverage by 9.9% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,097 shares of the company’s stock worth $124,000 after purchasing an additional 189 shares in the last quarter. Journey Advisory Group LLC lifted its position in shares of Monster Beverage by 4.1% in the second quarter. Journey Advisory Group LLC now owns 4,970 shares of the company’s stock worth $248,000 after purchasing an additional 196 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in shares of Monster Beverage by 5.1% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 4,317 shares of the company’s stock worth $256,000 after purchasing an additional 209 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position 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 purchasing an additional 211 shares in the last quarter. Finally, Crewe Advisors LLC lifted its position in shares of Monster Beverage by 37.5% in 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. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MNST has been the topic of several recent research reports. Wells Fargo & Company raised their price objective on shares of Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. TD Cowen raised their price objective on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday. Jefferies Financial Group cut their price objective on shares of Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Citigroup cut their price objective on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Evercore ISI cut their price objective on shares of Monster Beverage from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $56.00.

Monster Beverage Stock Up 3.0 %

MNST opened at $55.74 on Tuesday. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.41 and a quick ratio of 2.69. The firm’s fifty day moving average price is $51.69 and its two-hundred day moving average price is $50.99. The company has a market capitalization of $54.60 billion, a P/E ratio of 35.73, a P/E/G ratio of 2.47 and a beta of 0.74.

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.