Tokio Marine Asset Management Co. Ltd. Reduces Holdings in Monster Beverage Co. (NASDAQ:MNST)

Tokio Marine Asset Management Co. Ltd. cut its position in Monster Beverage Co. (NASDAQ:MNST) by 1.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,316 shares of the company’s stock after selling 1,408 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Monster Beverage were worth $3,929,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MNST. Empowered Funds LLC increased its position in Monster Beverage by 307.1% in the first quarter. Empowered Funds LLC now owns 22,843 shares of the company’s stock worth $1,354,000 after buying an additional 17,232 shares during the period. Avantax Advisory Services Inc. bought a new stake in shares of Monster Beverage during the 1st quarter worth $1,063,000. Bleakley Financial Group LLC increased its stake in Monster Beverage by 8.9% in the 1st quarter. Bleakley Financial Group LLC now owns 15,431 shares of the company’s stock worth $915,000 after purchasing an additional 1,266 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its position in shares of Monster Beverage by 9.9% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,097 shares of the company’s stock worth $124,000 after acquiring an additional 189 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Monster Beverage by 17.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 943,340 shares of the company’s stock worth $55,921,000 after purchasing an additional 141,531 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MNST. Bank of America lifted their target price on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. 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. Piper Sandler reduced their price target 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. UBS Group increased their price objective on Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Citigroup reduced their target price on Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a report 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.45.

Monster Beverage Trading Up 0.2 %

NASDAQ:MNST traded up $0.09 during midday trading on Thursday, reaching $56.47. 219,180 shares of the stock traded hands, compared to its average volume of 6,940,673. The stock has a market capitalization of $54.92 billion, a P/E ratio of 36.14, a PEG ratio of 2.67 and a beta of 0.74. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The company has a fifty day moving average of $52.18 and a 200 day moving average of $51.06.

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.