Dillon & Associates Inc. Has $2.63 Million Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Dillon & Associates Inc. lifted its stake in Monster Beverage Co. (NASDAQ:MNST) by 0.9% during the third quarter, Holdings Channel.com reports. The fund owned 50,605 shares of the company’s stock after buying an additional 470 shares during the period. Dillon & Associates Inc.’s holdings in Monster Beverage were worth $2,631,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. boosted its position in Monster Beverage by 9.9% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,097 shares of the company’s stock valued at $124,000 after acquiring an additional 189 shares during the last quarter. Journey Advisory Group LLC increased its holdings in 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 buying an additional 196 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of Monster Beverage by 5.1% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 4,317 shares of the company’s stock valued at $256,000 after buying an additional 209 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in Monster Beverage by 0.4% in the second quarter. Crossmark Global Holdings Inc. now owns 48,726 shares of the company’s stock worth $2,434,000 after buying an additional 211 shares during the period. Finally, Crewe Advisors LLC lifted its position in Monster Beverage by 37.5% during the second quarter. Crewe Advisors LLC now owns 850 shares of the company’s stock valued at $42,000 after buying an additional 232 shares during the period. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Price Performance

Shares of Monster Beverage stock opened at $56.02 on Wednesday. The stock has a 50 day moving average price of $51.86 and a 200-day moving average price of $51.00. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22. The stock has a market cap of $54.48 billion, a price-to-earnings ratio of 35.91, a price-to-earnings-growth ratio of 2.59 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13.

Wall Street Analyst Weigh In

MNST has been the topic of several research reports. UBS Group boosted their price objective on shares of Monster Beverage from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Jefferies Financial Group lowered their price objective on shares of Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Truist Financial decreased their target price on shares of Monster Beverage from $46.00 to $40.00 and set a “sell” rating for the company in a research note on Friday, August 9th. Bank of America raised their price target on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company upped their price objective on Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Two equities research 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, Monster Beverage presently has a consensus rating of “Moderate Buy” and an average 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.