Daiwa Securities Group Inc. Raises Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Daiwa Securities Group Inc. lifted its stake in Monster Beverage Co. (NASDAQ:MNST) by 6.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 151,364 shares of the company’s stock after purchasing an additional 9,496 shares during the period. Daiwa Securities Group Inc.’s holdings in Monster Beverage were worth $7,897,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MNST. LRI Investments LLC bought a new position in shares of Monster Beverage during the first quarter valued at $26,000. Lazard Asset Management LLC increased its stake in Monster Beverage by 40.0% during the 1st quarter. Lazard Asset Management LLC now owns 2,189 shares of the company’s stock valued at $129,000 after purchasing an additional 625 shares in the last quarter. Mount Yale Investment Advisors LLC raised its holdings in Monster Beverage by 4.4% in the first quarter. Mount Yale Investment Advisors LLC now owns 7,023 shares of the company’s stock worth $416,000 after buying an additional 298 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its stake in shares of Monster Beverage by 25.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 88,949 shares of the company’s stock worth $5,273,000 after buying an additional 17,994 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its holdings in shares of Monster Beverage by 37.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 13,869 shares of the company’s stock valued at $822,000 after buying an additional 3,767 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

MNST has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their target price on Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Truist Financial decreased their target price on Monster Beverage from $46.00 to $40.00 and set a “sell” rating for the company in a research report on Friday, August 9th. Argus raised their price target on shares of Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Piper Sandler decreased their price objective on shares of Monster Beverage from $59.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Monster Beverage presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.45.

Monster Beverage Stock Up 1.7 %

Shares of NASDAQ MNST opened at $54.98 on Tuesday. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $52.83 and a 200 day moving average of $51.02. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22. The stock 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.

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.