Integrated Wealth Concepts LLC Buys 882 Shares of Monster Beverage Co. (NASDAQ:MNST)

Integrated Wealth Concepts LLC lifted its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,752 shares of the company’s stock after acquiring an additional 882 shares during the period. Integrated Wealth Concepts LLC’s holdings in Monster Beverage were worth $926,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Dai ichi Life Insurance Company Ltd boosted its position in Monster Beverage by 2.3% during the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 23,858 shares of the company’s stock worth $1,192,000 after acquiring an additional 532 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Monster Beverage by 6.7% in the third quarter. Daiwa Securities Group Inc. now owns 151,364 shares of the company’s stock worth $7,897,000 after purchasing an additional 9,496 shares in the last quarter. Swedbank AB boosted its holdings in Monster Beverage by 23.1% during the second quarter. Swedbank AB now owns 121,731 shares of the company’s stock worth $6,080,000 after purchasing an additional 22,823 shares during the last quarter. Natixis Advisors LLC grew its position in Monster Beverage by 6.8% in the third quarter. Natixis Advisors LLC now owns 2,077,972 shares of the company’s stock valued at $108,408,000 after purchasing an additional 133,080 shares in the last quarter. Finally, Townsquare Capital LLC increased its stake in Monster Beverage by 28.3% in the 3rd quarter. Townsquare Capital LLC now owns 80,624 shares of the company’s stock valued at $4,206,000 after buying an additional 17,774 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Up 1.8 %

MNST opened at $53.21 on Tuesday. The stock has a fifty day moving average of $53.27 and a 200-day moving average of $51.04. The company has a market capitalization of $51.75 billion, a P/E ratio of 34.11, a P/E/G ratio of 2.50 and a beta of 0.74. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13.

Analyst Ratings Changes

A number of equities analysts have recently commented on MNST shares. Needham & Company LLC began coverage on shares of Monster Beverage in a research note on Friday. They set a “hold” rating for the company. UBS Group increased their price target on Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. TD Cowen raised their price target on Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Stifel Nicolaus upped their price objective on Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Monster Beverage presently has an average rating of “Moderate Buy” and a consensus price target of $56.45.

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.