Monster Beverage Co. (NASDAQ:MNST) Stock Holdings Lifted by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund grew its position in Monster Beverage Co. (NASDAQ:MNST) by 77.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 186,210 shares of the company’s stock after purchasing an additional 81,353 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Monster Beverage were worth $9,715,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Townsquare Capital LLC raised its position in Monster Beverage by 28.3% during 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 raised its holdings in shares of Monster Beverage by 6.4% during the 3rd quarter. Avestar Capital LLC now owns 5,386 shares of the company’s stock valued at $281,000 after purchasing an additional 326 shares in the last quarter. Loomis Sayles & Co. L P lifted its stake in shares of Monster Beverage by 4.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock valued at $1,416,048,000 after purchasing an additional 1,229,789 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in Monster Beverage by 43.8% in the third quarter. Harvest Fund Management Co. Ltd now owns 45,342 shares of the company’s stock worth $2,365,000 after purchasing an additional 13,816 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in Monster Beverage by 6.7% during the third quarter. Daiwa Securities Group Inc. now owns 151,364 shares of the company’s stock worth $7,897,000 after buying an additional 9,496 shares during the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MNST has been the subject of several recent analyst reports. Stifel Nicolaus upped their price target on Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Truist Financial dropped their price target on shares of Monster Beverage from $46.00 to $40.00 and set a “sell” rating on the stock in a research report on Friday, August 9th. JPMorgan Chase & Co. cut their target price on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Piper Sandler lowered their target price on Monster Beverage from $59.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Finally, Evercore ISI dropped their price target on Monster Beverage from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Monster Beverage presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.45.

Monster Beverage Price Performance

NASDAQ:MNST opened at $55.13 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 firm has a market cap of $53.62 billion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 2.63 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 company’s 50-day moving average price is $53.11 and its two-hundred day moving average price is $51.08.

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.