Sigma Planning Corp Has $316,000 Position in Monster Beverage Co. (NASDAQ:MNST)

Sigma Planning Corp lessened its stake in Monster Beverage Co. (NASDAQ:MNST) by 37.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,058 shares of the company’s stock after selling 3,655 shares during the quarter. Sigma Planning Corp’s holdings in Monster Beverage were worth $316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MNST. Ninety One UK Ltd lifted its holdings 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 buying an additional 3,620,436 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Monster Beverage by 1,148.0% in the third quarter. Assenagon Asset Management S.A. now owns 2,596,888 shares of the company’s stock valued at $135,480,000 after acquiring an additional 2,388,798 shares during the last quarter. AMF Tjanstepension AB bought a new stake in Monster Beverage in the second quarter worth approximately $81,757,000. Vanguard Group Inc. increased its stake in shares of Monster Beverage by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 64,741,352 shares of the company’s stock worth $3,837,867,000 after purchasing an additional 1,059,042 shares during the last quarter. Finally, Ossiam raised its holdings in shares of Monster Beverage by 5,185.8% during the 1st quarter. Ossiam now owns 1,069,366 shares of the company’s stock valued at $63,392,000 after purchasing an additional 1,049,135 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MNST shares. JPMorgan Chase & Co. decreased their price objective on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Monday, November 4th. BMO Capital Markets decreased their price target on Monster Beverage from $56.00 to $54.00 and set a “market perform” rating for the company in a research note on Thursday, August 8th. 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 boosted their target price on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, Roth Mkm lowered their price target on Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $56.45.

Monster Beverage Trading Down 7.1 %

Monster Beverage stock opened at $52.00 on Friday. The business has a 50 day moving average price of $52.40 and a two-hundred day moving average price of $51.08. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.22. The stock has a market cap of $50.57 billion, a price-to-earnings ratio of 33.33, a price-to-earnings-growth ratio of 2.69 and a beta of 0.74.

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.