Monster Beverage Co. (NASDAQ:MNST) Shares Bought by CreativeOne Wealth LLC

CreativeOne Wealth LLC grew its holdings in Monster Beverage Co. (NASDAQ:MNST) by 11.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,621 shares of the company’s stock after buying an additional 1,200 shares during the quarter. CreativeOne Wealth LLC’s holdings in Monster Beverage were worth $606,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MNST. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Monster Beverage by 77.6% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 186,210 shares of the company’s stock worth $9,715,000 after purchasing an additional 81,353 shares during the last quarter. Townsquare Capital LLC lifted its position in shares of Monster Beverage by 28.3% in the third quarter. Townsquare Capital LLC now owns 80,624 shares of the company’s stock valued at $4,206,000 after acquiring an additional 17,774 shares in the last quarter. Avestar Capital LLC boosted its stake in shares of Monster Beverage by 6.4% in the third quarter. Avestar Capital LLC now owns 5,386 shares of the company’s stock worth $281,000 after acquiring an additional 326 shares during the last quarter. Loomis Sayles & Co. L P increased its position in shares of Monster Beverage by 4.7% during the third quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock worth $1,416,048,000 after purchasing an additional 1,229,789 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd raised its stake in Monster Beverage by 43.8% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 45,342 shares of the company’s stock valued at $2,365,000 after purchasing an additional 13,816 shares during the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Stock Performance

Shares of MNST opened at $55.13 on Friday. The stock has a 50-day simple moving average of $53.11 and a 200-day simple moving average of $51.06. 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 Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The stock has a market capitalization of $53.62 billion, a PE ratio of 35.34, a PEG ratio of 2.63 and a beta of 0.74.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MNST. Wells Fargo & Company lifted their target price on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Stifel Nicolaus upped their price objective on shares of Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Truist Financial decreased their target price on shares of Monster Beverage from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Friday, August 9th. BMO Capital Markets dropped their price target on Monster Beverage from $56.00 to $54.00 and set a “market perform” rating for the company in a research report on Thursday, August 8th. Finally, Jefferies Financial Group reduced their price objective on Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.45.

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.