Baillie Gifford & Co. Takes $14.82 Million Position in Monster Beverage Co. (NASDAQ:MNST)

Baillie Gifford & Co. acquired a new stake in shares of Monster Beverage Co. (NASDAQ:MNST) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 284,051 shares of the company’s stock, valued at approximately $14,819,000.

Other institutional investors also recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Monster Beverage during the 3rd quarter valued at $1,372,000. Venturi Wealth Management LLC lifted its stake in shares of Monster Beverage by 12.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,864 shares of the company’s stock worth $254,000 after purchasing an additional 552 shares during the last quarter. Delta Financial Advisors LLC boosted its position in Monster Beverage by 12.0% during the third quarter. Delta Financial Advisors LLC now owns 21,516 shares of the company’s stock valued at $1,122,000 after purchasing an additional 2,308 shares in the last quarter. Ashton Thomas Securities LLC grew its stake in Monster Beverage by 13.5% in the third quarter. Ashton Thomas Securities LLC now owns 15,802 shares of the company’s stock valued at $824,000 after purchasing an additional 1,874 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in Monster Beverage by 0.7% in the third quarter. Crossmark Global Holdings Inc. now owns 49,077 shares of the company’s stock worth $2,561,000 after purchasing an additional 351 shares in the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MNST. Roth Mkm cut their price objective on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. UBS Group lifted their price target on shares of Monster Beverage from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Argus upped their price target on Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday. Bank of America raised their price objective on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, TD Cowen upped their target price on Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday. Two investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $56.45.

Monster Beverage Trading Up 0.5 %

Shares of Monster Beverage stock opened at $56.02 on Wednesday. The stock has a market cap of $54.87 billion, a PE ratio of 35.91, a price-to-earnings-growth ratio of 2.47 and a beta of 0.74. The firm has a fifty day moving average price of $51.86 and a 200 day moving average price of $51.00. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.41 and a quick ratio of 2.69.

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.