Aptus Capital Advisors LLC Sells 2,038 Shares of Monster Beverage Co. (NASDAQ:MNST)

Aptus Capital Advisors LLC lessened its stake in Monster Beverage Co. (NASDAQ:MNST) by 29.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,996 shares of the company’s stock after selling 2,038 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Monster Beverage were worth $261,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wells Fargo & Company lifted their target price on Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. TD Cowen upped their price objective on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Roth Mkm dropped their price objective on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. UBS Group boosted their target price on shares of Monster Beverage from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Royal Bank of Canada dropped their price target on Monster Beverage from $64.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Monster Beverage has a consensus rating of “Moderate Buy” and an average target price of $56.45.

Monster Beverage Stock Performance

NASDAQ:MNST opened at $52.00 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The company has a 50 day simple moving average of $52.40 and a two-hundred day simple moving average of $51.08. The company has a market capitalization of $50.57 billion, a PE ratio of 33.33, a P/E/G ratio of 2.69 and a beta of 0.74.

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.