Monster Beverage Co. (NASDAQ:MNST) Shares Sold by Huntington National Bank

Huntington National Bank trimmed its holdings in Monster Beverage Co. (NASDAQ:MNST) by 24.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,245 shares of the company’s stock after selling 401 shares during the quarter. Huntington National Bank’s holdings in Monster Beverage were worth $65,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MNST. LRI Investments LLC purchased a new position in Monster Beverage in the 1st quarter valued at $26,000. Stephens Consulting LLC acquired a new position in shares of Monster Beverage during the second quarter worth about $26,000. Kings Path Partners LLC purchased a new position in Monster Beverage during the second quarter worth about $30,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Monster Beverage in the second quarter valued at about $30,000. Finally, Crewe Advisors LLC purchased a new stake in Monster Beverage in the 1st quarter valued at approximately $37,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Trading Up 2.4 %

Shares of MNST stock opened at $53.27 on Tuesday. The company has a market capitalization of $51.81 billion, a price-to-earnings ratio of 34.15, a PEG ratio of 2.48 and a beta of 0.74. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $52.45 and a 200 day moving average price of $51.04. 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 analysts have recently commented on MNST shares. UBS Group raised their price target on Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Royal Bank of Canada lowered their price target on shares of Monster Beverage from $64.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Jefferies Financial Group lowered their target price on shares of Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Roth Mkm reduced their price target on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Two equities 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 MarketBeat.com, Monster Beverage presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.45.

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.