Monster Beverage Co. (NASDAQ:MNST) Shares Acquired by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group increased its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 7.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,855 shares of the company’s stock after purchasing an additional 391 shares during the period. Rehmann Capital Advisory Group’s holdings in Monster Beverage were worth $307,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stephens Consulting LLC acquired a new stake in shares of Monster Beverage during the 2nd quarter worth about $26,000. Kings Path Partners LLC acquired a new stake in Monster Beverage during the second quarter worth approximately $30,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Monster Beverage in the 2nd quarter worth approximately $30,000. Quarry LP raised its holdings in Monster Beverage by 152.0% in the 2nd quarter. Quarry LP now owns 824 shares of the company’s stock valued at $41,000 after acquiring an additional 497 shares during the last quarter. Finally, Crewe Advisors LLC lifted its stake 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 purchasing an additional 232 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. 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 note on Tuesday, November 12th. TD Cowen raised their target price on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Bank of America upped their price target on shares of Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Needham & Company LLC assumed coverage on shares of Monster Beverage in a report on Friday, December 6th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Monster Beverage presently has an average rating of “Moderate Buy” and an average target price of $56.45.

Monster Beverage Trading Down 0.3 %

MNST opened at $52.76 on Friday. The firm’s 50 day moving average is $53.41 and its 200-day moving average is $51.06. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $51.31 billion, a P/E ratio of 33.82, a P/E/G ratio of 2.49 and a beta of 0.74.

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.