Monster Beverage Co. (NASDAQ:MNST) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 12.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,400,496 shares of the company’s stock after selling 195,963 shares during the quarter. Bank of Montreal Can’s holdings in Monster Beverage were worth $73,470,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MNST. Lazard Asset Management LLC lifted its position in shares of Monster Beverage by 40.0% in the 1st quarter. Lazard Asset Management LLC now owns 2,189 shares of the company’s stock worth $129,000 after buying an additional 625 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its stake in Monster Beverage by 25.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 88,949 shares of the company’s stock valued at $5,273,000 after acquiring an additional 17,994 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in shares of Monster Beverage by 37.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 13,869 shares of the company’s stock valued at $822,000 after purchasing an additional 3,767 shares during the last quarter. Tidal Investments LLC raised its position in shares of Monster Beverage by 52.1% during the 1st quarter. Tidal Investments LLC now owns 65,597 shares of the company’s stock worth $3,887,000 after purchasing an additional 22,479 shares during the period. Finally, Hancock Whitney Corp bought a new stake in shares of Monster Beverage in the 1st quarter worth approximately $225,000. Institutional investors own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MNST shares. JPMorgan Chase & Co. reduced their price target on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Monday, November 4th. UBS Group boosted their target price on shares of Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Argus lifted their price target on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Wells Fargo & Company increased their price objective on Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, 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 note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.45.

Monster Beverage Price Performance

Shares of NASDAQ:MNST opened at $54.83 on Wednesday. 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 capitalization of $53.32 billion, a PE ratio of 35.15, a price-to-earnings-growth ratio of 2.58 and a beta of 0.74. The stock has a fifty day moving average of $52.90 and a 200-day moving average of $51.02. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22.

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.