Aurora Investment Counsel Acquires New Shares in Monster Beverage Co. (NASDAQ:MNST)

Aurora Investment Counsel bought a new position in shares of Monster Beverage Co. (NASDAQ:MNST) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 40,102 shares of the company’s stock, valued at approximately $2,092,000. Monster Beverage comprises 1.1% of Aurora Investment Counsel’s holdings, making the stock its 26th biggest position.

Several other institutional investors also recently bought and sold shares of the stock. LRI Investments LLC bought a new position in shares of Monster Beverage in the 1st quarter valued at approximately $26,000. Stephens Consulting LLC acquired a new position in Monster Beverage during the second quarter valued at approximately $26,000. Kings Path Partners LLC bought a new position in shares of Monster Beverage in the second quarter valued at approximately $30,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Monster Beverage in the second quarter worth $30,000. Finally, Crewe Advisors LLC acquired a new position in Monster Beverage in the 1st quarter valued at $37,000. 72.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MNST shares. TD Cowen upped their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft dropped their price target 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. Argus increased their price objective on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. dropped their target price on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Finally, Bank of America increased their price target on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $56.45.

Monster Beverage Price Performance

Shares of MNST stock opened at $53.70 on Thursday. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.22. The stock has a market capitalization of $52.22 billion, a PE ratio of 34.42, a PEG ratio of 2.57 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The stock’s fifty day moving average is $52.60 and its 200-day moving average is $51.05.

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.