Monster Beverage Co. (NASDAQ:MNST) Stock Position Raised by Hantz Financial Services Inc.

Hantz Financial Services Inc. grew its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,481 shares of the company’s stock after buying an additional 1,435 shares during the quarter. Hantz Financial Services Inc.’s holdings in Monster Beverage were worth $2,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Vinva Investment Management Ltd increased its position in Monster Beverage by 4.6% during the third quarter. Vinva Investment Management Ltd now owns 43,250 shares of the company’s stock worth $2,269,000 after buying an additional 1,903 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Monster Beverage by 9.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,756 shares of the company’s stock valued at $8,021,000 after acquiring an additional 13,793 shares during the last quarter. National Wealth Management Group LLC bought a new position in shares of Monster Beverage in the 3rd quarter valued at approximately $732,000. FORA Capital LLC acquired a new stake in Monster Beverage in the 3rd quarter worth approximately $6,016,000. Finally, CreativeOne Wealth LLC boosted its position in Monster Beverage by 11.5% during the third quarter. CreativeOne Wealth LLC now owns 11,621 shares of the company’s stock worth $606,000 after purchasing an additional 1,200 shares during the period. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Down 0.0 %

Shares of NASDAQ MNST opened at $55.13 on Friday. The stock has a market cap of $53.62 billion, a PE ratio of 35.34, a PEG ratio of 2.63 and a beta of 0.74. The business has a fifty day moving average of $53.11 and a two-hundred day moving average of $51.06. 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 52-week low of $43.32 and a 52-week high of $61.22.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MNST. Jefferies Financial Group reduced their price objective on shares of Monster Beverage from $61.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. TD Cowen raised their price target on Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Argus boosted their price objective on Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Piper Sandler lowered their target price on Monster Beverage from $59.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Finally, Evercore ISI cut their price target on Monster Beverage from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $56.45.

Monster Beverage 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.