Claro Advisors LLC Invests $393,000 in Monster Beverage Co. (NASDAQ:MNST)

Claro Advisors LLC acquired a new position in Monster Beverage Co. (NASDAQ:MNST) during the 3rd quarter, HoldingsChannel reports. The fund acquired 7,533 shares of the company’s stock, valued at approximately $393,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MNST. Janus Henderson Group PLC increased its stake in shares of Monster Beverage by 4.1% in the first quarter. Janus Henderson Group PLC now owns 11,209,122 shares of the company’s stock valued at $664,469,000 after buying an additional 440,962 shares during the period. Ninety One UK Ltd boosted its holdings in Monster Beverage by 93.9% in the second quarter. Ninety One UK Ltd now owns 7,477,852 shares of the company’s stock valued at $373,519,000 after acquiring an additional 3,620,436 shares during the last quarter. Epoch Investment Partners Inc. increased its position in Monster Beverage by 9.5% during the 2nd quarter. Epoch Investment Partners Inc. now owns 3,174,103 shares of the company’s stock valued at $158,546,000 after purchasing an additional 275,209 shares during the period. Assenagon Asset Management S.A. increased its position in Monster Beverage by 1,148.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,596,888 shares of the company’s stock valued at $135,480,000 after purchasing an additional 2,388,798 shares during the period. Finally, DSM Capital Partners LLC raised its holdings in Monster Beverage by 13.7% during the 2nd quarter. DSM Capital Partners LLC now owns 2,225,726 shares of the company’s stock worth $111,175,000 after purchasing an additional 268,198 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group decreased their price objective on shares of Monster Beverage from $61.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Truist Financial decreased their price target on Monster Beverage from $46.00 to $40.00 and set a “sell” rating for the company in a report on Friday, August 9th. Wells Fargo & Company boosted their price objective on Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. UBS Group raised their target price on Monster Beverage from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Argus boosted their price target on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research note 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $56.45.

Monster Beverage Stock Performance

Shares of MNST opened at $53.27 on Tuesday. The firm has a market capitalization of $51.81 billion, a P/E ratio of 34.15, a P/E/G ratio of 2.48 and a beta of 0.74. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.22. The stock has a 50 day moving average price of $52.45 and a two-hundred day moving average price of $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.

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.