Howe & Rusling Inc. Reduces Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Howe & Rusling Inc. decreased its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 3.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 78,270 shares of the company’s stock after selling 2,981 shares during the quarter. Howe & Rusling Inc.’s holdings in Monster Beverage were worth $4,083,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Journey Advisory Group LLC raised its stake 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 purchasing an additional 196 shares during the period. Crossmark Global Holdings Inc. raised its position in shares of Monster Beverage by 0.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 48,726 shares of the company’s stock valued at $2,434,000 after buying an additional 211 shares during the period. Crewe Advisors LLC lifted its holdings in 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 during the last quarter. Ieq Capital LLC grew its position in Monster Beverage by 0.3% in 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. Finally, UMB Bank n.a. grew its position in Monster Beverage by 20.6% in the third quarter. UMB Bank n.a. now owns 1,412 shares of the company’s stock worth $74,000 after acquiring an additional 241 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Analysts Set New Price Targets

MNST has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Evercore ISI dropped their price target on shares of Monster Beverage from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Jefferies Financial Group decreased their price objective on shares of Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Bank of America lifted their target price on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, TD Cowen upped their price target on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.45.

Monster Beverage Price Performance

Shares of MNST opened at $53.73 on Wednesday. The firm has a market capitalization of $52.25 billion, a PE ratio of 34.44, a P/E/G ratio of 2.48 and a beta of 0.74. The stock’s 50 day moving average is $52.52 and its two-hundred day moving average is $51.04. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13.

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.