UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $256.27 Million Stake in Monster Beverage Co. (NASDAQ:MNST)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 10.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,912,217 shares of the company’s stock after selling 568,918 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Monster Beverage were worth $256,270,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MNST. Lazard Asset Management LLC boosted its stake 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 valued at $129,000 after purchasing an additional 625 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in Monster Beverage by 37.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 13,869 shares of the company’s stock worth $822,000 after acquiring an additional 3,767 shares during the period. Hancock Whitney Corp bought a new stake in shares of Monster Beverage during the 1st quarter valued at $225,000. LRI Investments LLC acquired a new position in shares of Monster Beverage in the 1st quarter valued at $26,000. Finally, Swedbank AB bought a new position in shares of Monster Beverage in the 1st quarter worth $5,863,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Trading Down 0.0 %

Shares of NASDAQ:MNST opened at $55.13 on Friday. The stock has a market capitalization of $53.62 billion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 2.63 and a beta of 0.74. The company’s 50-day moving average price is $53.11 and its two-hundred day moving average price is $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. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22.

Analysts Set New Price Targets

MNST has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Evercore ISI reduced 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 note on Thursday, August 8th. JPMorgan Chase & Co. decreased their price objective 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. Wells Fargo & Company increased their target price on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Argus upped their price objective on shares of Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Monster Beverage presently 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.