Atlanta Consulting Group Advisors LLC Invests $589,000 in Monster Beverage Co. (NASDAQ:MNST)

Atlanta Consulting Group Advisors LLC bought a new stake in Monster Beverage Co. (NASDAQ:MNST) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,286 shares of the company’s stock, valued at approximately $589,000.

A number of other institutional investors have also bought and sold shares of the company. LRI Investments LLC bought a new stake in shares of Monster Beverage in the 1st quarter valued at $26,000. Stephens Consulting LLC bought a new stake in Monster Beverage in the second quarter valued at $26,000. Kings Path Partners LLC acquired a new position in shares of Monster Beverage during the second quarter valued at about $30,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Monster Beverage during the 2nd quarter worth about $30,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Monster Beverage in the 1st quarter valued at about $37,000. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

MNST opened at $52.00 on Monday. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The firm has a 50-day moving average of $52.40 and a 200 day moving average of $51.04. 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 firm has a market cap of $50.57 billion, a P/E ratio of 33.33, a PEG ratio of 2.48 and a beta of 0.74.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MNST shares. UBS Group upped their price target on Monster Beverage from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. 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 research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Jefferies Financial Group lowered their price objective on shares of Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Citigroup dropped their price objective on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.