Monster Beverage Co. (NASDAQ:MNST) Shares Sold by Banco Santander S.A.

Banco Santander S.A. reduced its holdings in Monster Beverage Co. (NASDAQ:MNST) by 56.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 212,769 shares of the company’s stock after selling 270,278 shares during the quarter. Banco Santander S.A.’s holdings in Monster Beverage were worth $11,100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MNST. LRI Investments LLC acquired a new stake in shares of Monster Beverage in the first quarter worth approximately $26,000. Stephens Consulting LLC acquired a new position in shares of Monster Beverage in the 2nd quarter valued at $26,000. Kings Path Partners LLC purchased a new stake in shares of Monster Beverage during the 2nd quarter valued at $30,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Monster Beverage during the 2nd quarter worth $30,000. Finally, Crewe Advisors LLC purchased a new position in shares of Monster Beverage in the 1st quarter worth $37,000. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Monster Beverage Trading Up 0.6 %

Shares of MNST stock opened at $54.00 on Friday. The firm has a market capitalization of $52.52 billion, a PE ratio of 34.62, a price-to-earnings-growth ratio of 2.57 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. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The stock has a fifty day moving average of $52.68 and a two-hundred day moving average of $51.07.

Wall Street Analyst Weigh In

MNST has been the subject of a number of research reports. Truist Financial lowered their price target on Monster Beverage from $46.00 to $40.00 and set a “sell” rating for the company in a research report on Friday, August 9th. Argus raised their price target on shares of Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Stifel Nicolaus boosted their price objective on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Citigroup reduced their price target on Monster Beverage from $60.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, 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 report on Friday, November 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company 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.