GSA Capital Partners LLP Has $573,000 Position in Monster Beverage Co. (NASDAQ:MNST)

GSA Capital Partners LLP reduced its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 82.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,992 shares of the company’s stock after selling 50,278 shares during the period. GSA Capital Partners LLP’s holdings in Monster Beverage were worth $573,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. LRI Investments LLC acquired a new position in Monster Beverage during the first quarter valued at approximately $26,000. Stephens Consulting LLC acquired a new position in Monster Beverage during the second quarter valued at approximately $26,000. Kings Path Partners LLC acquired a new position in Monster Beverage during the second quarter valued at approximately $30,000. University of Texas Texas AM Investment Management Co. acquired a new position in Monster Beverage during the second quarter valued at approximately $30,000. Finally, Crewe Advisors LLC acquired a new position in Monster Beverage during the first quarter valued at approximately $37,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Price Performance

Monster Beverage stock opened at $53.27 on Tuesday. The stock’s fifty day moving average price is $52.45 and its two-hundred day moving average price is $51.04. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The firm has a market cap of $51.81 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 2.48 and a beta of 0.74.

Analysts Set New Price Targets

MNST has been the subject of several recent research reports. Bank of America increased their price target on Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Argus raised their price objective on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Stifel Nicolaus raised their price objective on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Roth Mkm cut their price objective on Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Finally, Piper Sandler cut their price objective on Monster Beverage from $59.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.