Monster Beverage Co. (NASDAQ:MNST) Shares Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC increased its stake in Monster Beverage Co. (NASDAQ:MNST) by 51.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,764 shares of the company’s stock after acquiring an additional 5,003 shares during the period. Summit Trail Advisors LLC’s holdings in Monster Beverage were worth $770,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Evercore ISI dropped their price objective 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. Truist Financial cut their price objective on Monster Beverage from $46.00 to $40.00 and set a “sell” rating on the stock in a research report on Friday, August 9th. Jefferies Financial Group decreased their target price on Monster Beverage from $61.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. UBS Group raised their target price on Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. decreased their price target on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Monster Beverage has an average rating of “Moderate Buy” and an average price target of $56.45.

Monster Beverage Stock Performance

Monster Beverage stock opened at $54.98 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.22. The company has a fifty day moving average price of $52.83 and a two-hundred day moving average price of $51.02. The company has a market cap of $53.47 billion, a PE ratio of 35.24, a P/E/G ratio of 2.58 and a beta of 0.74.

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.