Toronto Dominion Bank trimmed its position in Monster Beverage Co. (NASDAQ:MNST – Free Report) by 50.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,195 shares of the company’s stock after selling 224,838 shares during the quarter. Toronto Dominion Bank’s holdings in Monster Beverage were worth $10,849,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in MNST. LRI Investments LLC acquired a new position in shares of Monster Beverage in the first quarter valued at about $26,000. Stephens Consulting LLC acquired a new position in shares of Monster Beverage during the 2nd quarter worth approximately $26,000. ICA Group Wealth Management LLC bought a new position in shares of Monster Beverage during the fourth quarter worth approximately $27,000. Tortoise Investment Management LLC raised its position in shares of Monster Beverage by 360.0% in the fourth quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock valued at $29,000 after buying an additional 396 shares in the last quarter. Finally, Kings Path Partners LLC bought a new stake in shares of Monster Beverage in the second quarter valued at approximately $30,000. Institutional investors own 72.36% of the company’s stock.
Monster Beverage Stock Performance
Monster Beverage stock opened at $52.46 on Friday. The business has a 50 day moving average of $49.24 and a 200-day moving average of $52.09. The company has a market capitalization of $54.65 billion, a P/E ratio of 32.99, a P/E/G ratio of 2.40 and a beta of 0.74. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.41 and a quick ratio of 2.69.
Analyst Ratings Changes
A number of equities analysts have commented on the company. Piper Sandler lowered their price objective on Monster Beverage from $59.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Royal Bank of Canada dropped their price target on Monster Beverage from $64.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Wells Fargo & Company cut their price objective on shares of Monster Beverage from $59.00 to $57.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Monster Beverage from $63.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Jefferies Financial Group reduced their price target 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $55.85.
Monster Beverage Company 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.
Featured Articles
- Five stocks we like better than Monster Beverage
- 3 Monster Growth Stocks to Buy Now
- Can Costco Stock Hit New Highs as Interest Rates Drop?
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- These 3 Stocks Show How to Navigate Declining Consumer Confidence
- 3 Warren Buffett Stocks to Buy Now
- MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy?
Want to see what other hedge funds are holding MNST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monster Beverage Co. (NASDAQ:MNST – Free Report).
Receive News & Ratings for Monster Beverage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage and related companies with MarketBeat.com's FREE daily email newsletter.