Montrusco Bolton Investments Inc. Purchases Shares of 988,369 Monster Beverage Co. (NASDAQ:MNST)

Montrusco Bolton Investments Inc. purchased a new stake in shares of Monster Beverage Co. (NASDAQ:MNST) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 988,369 shares of the company’s stock, valued at approximately $51,563,000. Monster Beverage comprises 0.5% of Montrusco Bolton Investments Inc.’s portfolio, making the stock its 27th largest position.

Other institutional investors have also made changes to their positions in the company. Journey Advisory Group LLC grew its holdings in shares of 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 in the last quarter. Crossmark Global Holdings Inc. lifted its stake in Monster Beverage by 0.4% in the second quarter. Crossmark Global Holdings Inc. now owns 48,726 shares of the company’s stock worth $2,434,000 after acquiring an additional 211 shares during the last quarter. Accretive Wealth Partners LLC lifted its stake in Monster Beverage by 1.3% in the third quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company’s stock worth $930,000 after acquiring an additional 225 shares during the last quarter. Crewe Advisors LLC lifted its stake in Monster Beverage by 37.5% in the second quarter. Crewe Advisors LLC now owns 850 shares of the company’s stock worth $42,000 after acquiring an additional 232 shares during the last quarter. Finally, Ieq Capital LLC lifted its stake 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 last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Stock Performance

Shares of MNST opened at $54.06 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The stock has a market capitalization of $52.57 billion, a P/E ratio of 34.65, a P/E/G ratio of 2.58 and a beta of 0.74. The company’s fifty day moving average is $52.74 and its two-hundred day moving average is $51.07. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Roth Mkm decreased their price target on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Stifel Nicolaus lifted their price target on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Jefferies Financial Group reduced 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. Citigroup reduced their price objective 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, BMO Capital Markets reduced their price objective on shares of Monster Beverage from $56.00 to $54.00 and set a “market perform” 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 issued a buy rating to the company. According to MarketBeat.com, Monster Beverage has an average rating of “Moderate Buy” and an average price target 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.