Sather Financial Group Inc Has $55.11 Million Stake in Monster Beverage Co. (NASDAQ:MNST)

Sather Financial Group Inc lifted its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 4.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,056,353 shares of the company’s stock after purchasing an additional 46,990 shares during the period. Monster Beverage comprises approximately 3.5% of Sather Financial Group Inc’s portfolio, making the stock its 11th largest holding. Sather Financial Group Inc’s holdings in Monster Beverage were worth $55,110,000 as of its most recent SEC filing.

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

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $52.00 on Friday. The firm’s 50-day moving average price is $52.40 and its 200-day moving average price is $51.06. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The firm has a market capitalization of $50.57 billion, a P/E ratio of 33.33, a P/E/G 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.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MNST. Citigroup lowered their target price on Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Wells Fargo & Company raised their target price on Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Bank of America raised their target price on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. TD Cowen raised their target price on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Monster Beverage presently has an average rating of “Moderate Buy” and an average target price of $56.45.

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.