Paloma Partners Management Co Increases Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Paloma Partners Management Co increased its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 260.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 20,742 shares of the company’s stock after acquiring an additional 14,984 shares during the period. Paloma Partners Management Co’s holdings in Monster Beverage were worth $1,082,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Stephens Consulting LLC acquired a new stake in Monster Beverage during the 2nd quarter valued at $26,000. Kings Path Partners LLC acquired a new stake in shares of Monster Beverage during the second quarter valued at about $30,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Monster Beverage during the second quarter worth about $30,000. Quarry LP lifted its stake in shares of Monster Beverage by 152.0% in the second quarter. Quarry LP now owns 824 shares of the company’s stock worth $41,000 after acquiring an additional 497 shares in the last quarter. Finally, Crewe Advisors LLC boosted its holdings in Monster Beverage by 37.5% in the second quarter. Crewe Advisors LLC now owns 850 shares of the company’s stock valued at $42,000 after purchasing an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Performance

Shares of MNST stock opened at $54.98 on Tuesday. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The firm has a market capitalization of $53.47 billion, a price-to-earnings ratio of 35.24, a price-to-earnings-growth ratio of 2.63 and a beta of 0.74. The business has a 50 day simple moving average of $53.11 and a 200 day simple moving average of $51.03.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MNST. Deutsche Bank Aktiengesellschaft cut their target price on Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Royal Bank of Canada cut their price target on shares of Monster Beverage from $64.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. BMO Capital Markets decreased their price objective on shares of Monster Beverage from $56.00 to $54.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. Bank of America increased their price target on shares of Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. lowered their price objective 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 research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. 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.