CWA Asset Management Group LLC Acquires Shares of 6,778 Monster Beverage Co. (NASDAQ:MNST)

CWA Asset Management Group LLC acquired a new stake in Monster Beverage Co. (NASDAQ:MNST) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,778 shares of the company’s stock, valued at approximately $354,000.

Several other hedge funds also recently bought and sold shares of MNST. LRI Investments LLC bought a new position in Monster Beverage in the 1st quarter valued at $26,000. Stephens Consulting LLC bought a new position in shares of Monster Beverage during the 2nd quarter worth $26,000. Kings Path Partners LLC bought a new position in shares of Monster Beverage during the 2nd quarter worth $30,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Monster Beverage during the 2nd quarter worth $30,000. Finally, Crewe Advisors LLC bought a new position in shares of Monster Beverage during the 1st quarter worth $37,000. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Trading Up 0.5 %

Monster Beverage stock opened at $56.02 on Wednesday. The stock has a 50-day moving average of $51.86 and a two-hundred day moving average of $51.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.69 and a current ratio of 3.41. The stock has a market cap of $54.87 billion, a PE ratio of 35.88, a price-to-earnings-growth ratio of 2.47 and a beta of 0.74. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MNST. JPMorgan Chase & Co. dropped their price target on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Piper Sandler dropped their price target on Monster Beverage from $59.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. 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. UBS Group increased their price target on Monster Beverage from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company upped their price objective on Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Two investment 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’s stock. According to MarketBeat.com, Monster Beverage has a consensus rating of “Moderate Buy” and a consensus price target of $56.45.

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.