Monster Beverage Co. (NASDAQ:MNST) Holdings Trimmed by Banco Santander S.A.

Banco Santander S.A. cut its holdings in Monster Beverage Co. (NASDAQ:MNST) by 56.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 212,769 shares of the company’s stock after selling 270,278 shares during the quarter. Banco Santander S.A.’s holdings in Monster Beverage were worth $11,100,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MNST. Ninety One UK Ltd boosted its holdings in Monster Beverage by 93.9% during the second 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 in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Monster Beverage by 1,148.0% during the third quarter. Assenagon Asset Management S.A. now owns 2,596,888 shares of the company’s stock worth $135,480,000 after purchasing an additional 2,388,798 shares during the period. AMF Tjanstepension AB purchased a new stake in shares of Monster Beverage during the second quarter valued at $81,757,000. Public Sector Pension Investment Board boosted its position in shares of Monster Beverage by 9,260.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 1,041,275 shares of the company’s stock valued at $52,012,000 after purchasing an additional 1,030,151 shares during the period. Finally, Epoch Investment Partners Inc. increased its stake in Monster Beverage by 37.1% in the 1st quarter. Epoch Investment Partners Inc. now owns 2,898,894 shares of the company’s stock worth $171,846,000 after purchasing an additional 784,606 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on MNST. Royal Bank of Canada decreased their price objective on Monster Beverage from $64.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Jefferies Financial Group cut their price objective on Monster Beverage from $61.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. TD Cowen raised their price objective on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Argus upped their target price on shares of Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. cut 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 note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.45.

Monster Beverage Stock Up 0.6 %

Monster Beverage stock opened at $54.00 on Friday. 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 company’s 50-day moving average is $52.68 and its 200-day moving average is $51.07. The firm has a market capitalization of $52.52 billion, a PE ratio of 34.62, a P/E/G ratio of 2.57 and a beta of 0.74. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two 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.