Prime Capital Investment Advisors LLC Sells 2,390 Shares of Monster Beverage Co. (NASDAQ:MNST)

Prime Capital Investment Advisors LLC reduced its stake in Monster Beverage Co. (NASDAQ:MNST) by 10.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,647 shares of the company’s stock after selling 2,390 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Monster Beverage were worth $1,077,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Journey Advisory Group LLC increased its stake in shares of Monster Beverage by 4.1% during the second quarter. Journey Advisory Group LLC now owns 4,970 shares of the company’s stock worth $248,000 after purchasing an additional 196 shares during the period. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Monster Beverage by 5.1% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 4,317 shares of the company’s stock worth $256,000 after buying an additional 209 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Monster Beverage by 0.4% in the second quarter. Crossmark Global Holdings Inc. now owns 48,726 shares of the company’s stock valued at $2,434,000 after acquiring an additional 211 shares during the period. Crewe Advisors LLC grew its stake in shares of Monster Beverage by 37.5% in the second quarter. Crewe Advisors LLC now owns 850 shares of the company’s stock valued at $42,000 after acquiring an additional 232 shares in the last quarter. Finally, Ieq Capital LLC increased its position in Monster Beverage by 0.3% during the second quarter. Ieq Capital LLC now owns 68,735 shares of the company’s stock worth $3,433,000 after acquiring an additional 232 shares during the period. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Wells Fargo & Company raised 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. JPMorgan Chase & Co. lowered their price objective on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Stifel Nicolaus upped their target price on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 8th. UBS Group raised their price target on Monster Beverage from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Royal Bank of Canada cut their price objective on shares of Monster Beverage from $64.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Monster Beverage has a consensus rating of “Moderate Buy” and a consensus price target of $56.45.

Monster Beverage Price Performance

Shares of MNST opened at $55.96 on Friday. 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 stock has a market cap of $54.42 billion, a PE ratio of 35.87, a PEG ratio of 2.67 and a beta of 0.74. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22. The business has a 50-day simple moving average of $52.18 and a two-hundred day simple moving average of $51.06.

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.