National Wealth Management Group LLC Invests $732,000 in Monster Beverage Co. (NASDAQ:MNST)

National Wealth Management Group LLC purchased a new position in shares of Monster Beverage Co. (NASDAQ:MNST) in the third quarter, HoldingsChannel reports. The firm purchased 14,025 shares of the company’s stock, valued at approximately $732,000.

Other hedge funds have also modified their holdings of the company. Dai ichi Life Insurance Company Ltd grew its holdings in shares of Monster Beverage by 2.3% during the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 23,858 shares of the company’s stock worth $1,192,000 after purchasing an additional 532 shares during the period. Cetera Advisors LLC grew its holdings in shares of Monster Beverage by 128.1% during the 1st quarter. Cetera Advisors LLC now owns 20,527 shares of the company’s stock worth $1,217,000 after purchasing an additional 11,528 shares during the period. Swedbank AB grew its holdings in shares of Monster Beverage by 23.1% during the 2nd quarter. Swedbank AB now owns 121,731 shares of the company’s stock worth $6,080,000 after purchasing an additional 22,823 shares during the period. Massmutual Trust Co. FSB ADV grew its holdings in shares of Monster Beverage by 50.1% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 100,367 shares of the company’s stock worth $5,013,000 after purchasing an additional 33,478 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in Monster Beverage by 6.8% during the 3rd quarter. Natixis Advisors LLC now owns 2,077,972 shares of the company’s stock valued at $108,408,000 after acquiring an additional 133,080 shares during the period. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Piper Sandler lowered their target price on Monster Beverage from $59.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Citigroup lowered their target price on Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their target price on Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 8th. Stifel Nicolaus raised their target price on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, BMO Capital Markets reduced their price target on Monster Beverage from $56.00 to $54.00 and set a “market perform” 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 issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $56.45.

Monster Beverage Trading Up 0.6 %

NASDAQ:MNST opened at $55.14 on Thursday. The stock’s 50 day moving average price is $52.96 and its 200 day moving average price is $51.05. The company has a market capitalization of $53.62 billion, a PE ratio of 35.35, a P/E/G ratio of 2.63 and a beta of 0.74. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22.

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.