Pine Valley Investments Ltd Liability Co Purchases 664 Shares of Monster Beverage Co. (NASDAQ:MNST)

Pine Valley Investments Ltd Liability Co raised its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 10.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,071 shares of the company’s stock after acquiring an additional 664 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Monster Beverage were worth $369,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MNST. State Street Corp boosted its position in shares of Monster Beverage by 6.9% during the 3rd quarter. State Street Corp now owns 33,742,390 shares of the company’s stock valued at $1,760,341,000 after purchasing an additional 2,168,379 shares in the last quarter. Loomis Sayles & Co. L P grew its position in shares of Monster Beverage by 4.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock worth $1,416,048,000 after buying an additional 1,229,789 shares during the period. Janus Henderson Group PLC increased its stake in shares of Monster Beverage by 109.3% in the 3rd quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock valued at $1,176,913,000 after acquiring an additional 11,779,162 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Monster Beverage by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 15,728,086 shares of the company’s stock valued at $817,490,000 after acquiring an additional 473,418 shares in the last quarter. Finally, Ninety One UK Ltd lifted its position in shares of Monster Beverage by 93.9% during the 2nd quarter. Ninety One UK Ltd now owns 7,477,852 shares of the company’s stock valued at $373,519,000 after acquiring an additional 3,620,436 shares during the period. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $52.76 on Friday. The company has a market capitalization of $51.31 billion, a PE ratio of 33.82, a PEG ratio of 2.49 and a beta of 0.74. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average price is $53.41 and its 200-day moving average price is $51.06. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. TD Cowen lifted their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Wells Fargo & Company upped their price target on Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Argus raised their price objective on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Bank of America upped their target price on 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. reduced 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. Two equities 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.45.

About Monster Beverage

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.