Geode Capital Management LLC Has $817.49 Million Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Geode Capital Management LLC raised its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 3.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,728,086 shares of the company’s stock after acquiring an additional 473,418 shares during the period. Geode Capital Management LLC owned approximately 1.62% of Monster Beverage worth $817,490,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Dai ichi Life Insurance Company Ltd boosted its holdings in shares of Monster Beverage by 2.3% during the second quarter. Dai ichi Life Insurance Company Ltd now owns 23,858 shares of the company’s stock worth $1,192,000 after acquiring an additional 532 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Monster Beverage by 6.7% during the third quarter. Daiwa Securities Group Inc. now owns 151,364 shares of the company’s stock worth $7,897,000 after acquiring an additional 9,496 shares during the period. Swedbank AB boosted its holdings in shares of Monster Beverage by 23.1% during the second quarter. Swedbank AB now owns 121,731 shares of the company’s stock worth $6,080,000 after acquiring an additional 22,823 shares during the period. Natixis Advisors LLC boosted its holdings in shares of Monster Beverage by 6.8% during the third quarter. Natixis Advisors LLC now owns 2,077,972 shares of the company’s stock worth $108,408,000 after acquiring an additional 133,080 shares during the period. Finally, Townsquare Capital LLC boosted its holdings in shares of Monster Beverage by 28.3% during the third quarter. Townsquare Capital LLC now owns 80,624 shares of the company’s stock worth $4,206,000 after acquiring an additional 17,774 shares during the period. Institutional investors own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MNST. TD Cowen boosted their price objective on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Wells Fargo & Company lifted their price target on shares of Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price target on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Finally, Stifel Nicolaus lifted their price target on shares of Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $56.45.

Monster Beverage Stock Down 1.7 %

Shares of NASDAQ:MNST opened at $52.10 on Thursday. The company has a fifty day moving average of $53.30 and a 200-day moving average of $51.04. The company has a market capitalization of $50.67 billion, a PE ratio of 33.40, a price-to-earnings-growth ratio of 2.50 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. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22.

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.