Private Trust Co. NA Cuts Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Private Trust Co. NA reduced its stake in Monster Beverage Co. (NASDAQ:MNST) by 11.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,533 shares of the company’s stock after selling 570 shares during the quarter. Private Trust Co. NA’s holdings in Monster Beverage were worth $236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. LRI Investments LLC bought a new stake in shares of Monster Beverage during the 1st quarter worth $26,000. Stephens Consulting LLC purchased a new stake in Monster Beverage during the second quarter valued at about $26,000. Kings Path Partners LLC bought a new stake in Monster Beverage during the second quarter worth about $30,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Monster Beverage in the 2nd quarter worth about $30,000. Finally, Quarry LP increased its position in shares of Monster Beverage by 152.0% during the 2nd quarter. Quarry LP now owns 824 shares of the company’s stock valued at $41,000 after purchasing an additional 497 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $55.14 on Friday. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The stock has a market capitalization of $53.62 billion, a P/E ratio of 35.35, a P/E/G ratio of 2.63 and a beta of 0.74. The company’s 50-day moving average is $53.03 and its 200 day moving average is $51.08. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MNST shares. UBS Group upped their target price on Monster Beverage from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Royal Bank of Canada cut their price objective on shares of Monster Beverage from $64.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Argus lifted their target price on shares of Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. BMO Capital Markets cut their price target 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. Finally, Bank of America lifted their price objective on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Two investment 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.