Holocene Advisors LP Invests $73.60 Million in Monster Beverage Co. (NASDAQ:MNST)

Holocene Advisors LP acquired a new stake in shares of Monster Beverage Co. (NASDAQ:MNST) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,410,763 shares of the company’s stock, valued at approximately $73,600,000. Holocene Advisors LP owned about 0.15% of Monster Beverage at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Stephens Consulting LLC purchased a new stake in shares of Monster Beverage during the second quarter valued at $26,000. Kings Path Partners LLC purchased a new stake in shares of Monster Beverage during the second quarter valued at $30,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Monster Beverage during the second quarter valued at $30,000. Quarry LP lifted its holdings in Monster Beverage by 152.0% in the second quarter. Quarry LP now owns 824 shares of the company’s stock valued at $41,000 after acquiring an additional 497 shares during the period. Finally, Crewe Advisors LLC lifted its holdings in Monster Beverage by 37.5% in the second quarter. Crewe Advisors LLC now owns 850 shares of the company’s stock valued at $42,000 after acquiring an additional 232 shares during the period. 72.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MNST has been the topic of a number of recent research reports. 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. TD Cowen increased their target price on Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, November 11th. BMO Capital Markets lowered their target price on Monster Beverage from $56.00 to $54.00 and set a “market perform” rating on the stock in a report on Thursday, August 8th. Argus increased their target price on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Roth Mkm lowered their target price on Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.45.

Monster Beverage Stock Down 0.3 %

Shares of MNST opened at $54.98 on Tuesday. The business’s 50 day moving average is $53.11 and its 200 day moving average is $51.03. The company has a market capitalization of $53.47 billion, a PE ratio of 35.24, a price-to-earnings-growth ratio of 2.63 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 current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13.

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.