Monster Beverage Co. (NASDAQ:MNST) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 9.9% in the third quarter, HoldingsChannel.com reports. The fund owned 153,756 shares of the company’s stock after acquiring an additional 13,793 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Monster Beverage were worth $8,021,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P raised its stake in shares of Monster Beverage by 4.7% in the third quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock worth $1,416,048,000 after purchasing an additional 1,229,789 shares during the last quarter. Ninety One UK Ltd raised its position in Monster Beverage by 93.9% during the 2nd quarter. Ninety One UK Ltd now owns 7,477,852 shares of the company’s stock worth $373,519,000 after buying an additional 3,620,436 shares during the last quarter. Epoch Investment Partners Inc. lifted its stake in Monster Beverage by 9.5% during the 2nd quarter. Epoch Investment Partners Inc. now owns 3,174,103 shares of the company’s stock valued at $158,546,000 after acquiring an additional 275,209 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Monster Beverage by 1,148.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,596,888 shares of the company’s stock valued at $135,480,000 after acquiring an additional 2,388,798 shares during the last quarter. Finally, DSM Capital Partners LLC increased its stake in shares of Monster Beverage by 13.7% in the second quarter. DSM Capital Partners LLC now owns 2,225,726 shares of the company’s stock worth $111,175,000 after acquiring an additional 268,198 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Citigroup decreased their target price 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. UBS Group raised their target price on Monster Beverage from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Wells Fargo & Company lifted their price target on Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Roth Mkm lowered their price objective on Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Finally, Jefferies Financial Group cut their target price on shares of Monster Beverage from $61.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Two 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.45.

Monster Beverage Trading Down 0.0 %

Shares of Monster Beverage stock opened at $55.13 on Monday. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22. The firm has a market capitalization of $53.62 billion, a PE ratio of 35.34, a P/E/G ratio of 2.63 and a beta of 0.74. The firm’s 50-day moving average price is $53.11 and its 200 day moving average price is $51.03.

Monster Beverage 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.