Meeder Advisory Services Inc. Has $679,000 Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Meeder Advisory Services Inc. cut its holdings in Monster Beverage Co. (NASDAQ:MNST) by 11.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 13,017 shares of the company’s stock after selling 1,656 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Monster Beverage were worth $679,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Journey Advisory Group LLC raised its position in Monster Beverage by 4.1% in the second quarter. Journey Advisory Group LLC now owns 4,970 shares of the company’s stock valued at $248,000 after purchasing an additional 196 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Monster Beverage by 0.4% in the second 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 raised its holdings in Monster Beverage by 37.5% in the 2nd quarter. Crewe Advisors LLC now owns 850 shares of the company’s stock valued at $42,000 after buying an additional 232 shares during the last quarter. Ieq Capital LLC boosted its position in Monster Beverage by 0.3% during the 2nd quarter. Ieq Capital LLC now owns 68,735 shares of the company’s stock worth $3,433,000 after buying an additional 232 shares during the period. Finally, UMB Bank n.a. grew its holdings in Monster Beverage by 20.6% during the 3rd 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 last quarter. Institutional investors own 72.36% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on MNST. Argus lifted their target price on Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. TD Cowen lifted their price objective on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Evercore ISI decreased their target price 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. UBS Group boosted their price target on shares of Monster Beverage from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group decreased their price objective on shares of Monster Beverage from $61.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Monster Beverage presently has an average rating of “Moderate Buy” and a consensus price target of $56.45.

Monster Beverage Stock Up 0.9 %

Monster Beverage stock opened at $53.73 on Wednesday. The firm has a market capitalization of $52.25 billion, a price-to-earnings ratio of 34.44, a P/E/G ratio of 2.48 and a beta of 0.74. The firm has a 50 day simple moving average of $52.52 and a 200 day simple moving average of $51.04. 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.

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.