American Trust Makes New $687,000 Investment in Monster Beverage Co. (NASDAQ:MNST)

American Trust purchased a new stake in Monster Beverage Co. (NASDAQ:MNST) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,159 shares of the company’s stock, valued at approximately $687,000.

A number of other large investors have also recently modified their holdings of the business. Peapack Gladstone Financial Corp raised its stake in Monster Beverage by 22.9% in the third quarter. Peapack Gladstone Financial Corp now owns 6,064 shares of the company’s stock valued at $316,000 after purchasing an additional 1,131 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Monster Beverage in the 3rd quarter worth $307,000. Pine Valley Investments Ltd Liability Co raised its position in shares of Monster Beverage by 10.4% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 7,071 shares of the company’s stock valued at $369,000 after buying an additional 664 shares in the last quarter. Hohimer Wealth Management LLC lifted its holdings in shares of Monster Beverage by 3.6% during the 3rd quarter. Hohimer Wealth Management LLC now owns 20,420 shares of the company’s stock worth $1,065,000 after acquiring an additional 714 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its position in Monster Beverage by 7.2% in the third quarter. Rehmann Capital Advisory Group now owns 5,855 shares of the company’s stock worth $307,000 after acquiring an additional 391 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

Shares of Monster Beverage stock opened at $52.76 on Friday. The company has a market cap of $51.31 billion, a PE ratio of 33.82, a P/E/G ratio of 2.49 and a beta of 0.74. The business has a 50 day moving average of $53.41 and a 200 day moving average of $51.06. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.22. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MNST shares. JPMorgan Chase & Co. lowered their price target on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. TD Cowen boosted their target price on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Wells Fargo & Company upped their target price on Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. 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. Finally, Bank of America upped their price objective on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.