Monster Beverage Co. (NASDAQ:MNST) Shares Purchased by Vinva Investment Management Ltd

Vinva Investment Management Ltd raised its position in Monster Beverage Co. (NASDAQ:MNST) by 4.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 43,250 shares of the company’s stock after acquiring an additional 1,903 shares during the quarter. Vinva Investment Management Ltd’s holdings in Monster Beverage were worth $2,269,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Loomis Sayles & Co. L P grew its stake in shares of Monster Beverage by 4.7% in the third quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock worth $1,416,048,000 after purchasing an additional 1,229,789 shares in the last quarter. Ninety One UK Ltd lifted its holdings in Monster Beverage by 93.9% in the second quarter. Ninety One UK Ltd now owns 7,477,852 shares of the company’s stock worth $373,519,000 after purchasing an additional 3,620,436 shares during the period. Epoch Investment Partners Inc. grew its position in Monster Beverage by 9.5% in the 2nd quarter. Epoch Investment Partners Inc. now owns 3,174,103 shares of the company’s stock valued at $158,546,000 after buying an additional 275,209 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Monster Beverage by 1,148.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,596,888 shares of the company’s stock valued at $135,480,000 after buying an additional 2,388,798 shares during the period. Finally, DSM Capital Partners LLC raised its position in shares of Monster Beverage by 13.7% during the 2nd quarter. DSM Capital Partners LLC now owns 2,225,726 shares of the company’s stock worth $111,175,000 after buying an additional 268,198 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Trading Up 0.6 %

NASDAQ MNST opened at $55.14 on Friday. The company has a market capitalization of $53.62 billion, a PE ratio of 35.35, a price-to-earnings-growth ratio of 2.63 and a beta of 0.74. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year 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. The firm’s fifty day simple moving average is $53.03 and its 200-day simple moving average is $51.08.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MNST. TD Cowen increased their price objective on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, November 11th. Royal Bank of Canada lowered their price target on Monster Beverage from $64.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, August 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 research note on Friday, November 8th. Argus upped 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. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $56.45.

About Monster Beverage

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.