Natixis Advisors LLC Acquires 133,080 Shares of Monster Beverage Co. (NASDAQ:MNST)

Natixis Advisors LLC boosted its stake in Monster Beverage Co. (NASDAQ:MNST) by 6.8% in the 3rd quarter, Holdings Channel reports. The firm owned 2,077,972 shares of the company’s stock after acquiring an additional 133,080 shares during the quarter. Natixis Advisors LLC’s holdings in Monster Beverage were worth $108,408,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. LRI Investments LLC purchased a new stake in shares of Monster Beverage during the first quarter valued at approximately $26,000. Stephens Consulting LLC bought a new position in shares of Monster Beverage in the 2nd quarter worth approximately $26,000. Kings Path Partners LLC purchased a new position in Monster Beverage during the second quarter valued at $30,000. University of Texas Texas AM Investment Management Co. bought a new stake in Monster Beverage during the 2nd quarter worth approximately $30,000. Finally, Crewe Advisors LLC purchased a new stake in 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 Price Performance

Shares of NASDAQ MNST opened at $52.00 on Friday. 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 business has a 50 day simple moving average of $52.40 and a 200-day simple moving average of $51.08. The company has a market capitalization of $50.57 billion, a price-to-earnings ratio of 33.33, a price-to-earnings-growth ratio of 2.69 and a beta of 0.74. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22.

Analysts Set New Price Targets

MNST has been the topic of several research reports. TD Cowen boosted their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. UBS Group lifted their price target on shares of Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Citigroup decreased their target price on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Bank of America lifted their target price on shares of Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average 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.