Banque Cantonale Vaudoise Sells 11,638 Shares of Monster Beverage Co. (NASDAQ:MNST)

Banque Cantonale Vaudoise lessened its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 94.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 729 shares of the company’s stock after selling 11,638 shares during the period. Banque Cantonale Vaudoise’s holdings in Monster Beverage were worth $38,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Journey Advisory Group LLC increased its position in shares of Monster Beverage by 4.1% in the second quarter. Journey Advisory Group LLC now owns 4,970 shares of the company’s stock worth $248,000 after purchasing an additional 196 shares during the period. Crossmark Global Holdings Inc. increased its holdings in Monster Beverage by 0.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 48,726 shares of the company’s stock valued at $2,434,000 after buying an additional 211 shares during the period. Crewe Advisors LLC increased its holdings in Monster Beverage by 37.5% in the 2nd quarter. Crewe Advisors LLC now owns 850 shares of the company’s stock valued at $42,000 after buying an additional 232 shares during the period. Ieq Capital LLC raised its position in shares of Monster Beverage by 0.3% in the 2nd quarter. Ieq Capital LLC now owns 68,735 shares of the company’s stock valued at $3,433,000 after buying an additional 232 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Monster Beverage by 20.6% during the 3rd quarter. UMB Bank n.a. now owns 1,412 shares of the company’s stock worth $74,000 after acquiring an additional 241 shares during the period. 72.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on MNST. Evercore ISI lowered their price objective on shares of Monster Beverage from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Bank of America boosted their price target on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. reduced their price objective on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Royal Bank of Canada lowered their target price 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. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Two equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $56.45.

Monster Beverage Price Performance

Shares of MNST opened at $54.06 on Friday. The business has a 50-day moving average of $52.74 and a 200-day moving average of $51.05. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The company has a market capitalization of $52.57 billion, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 2.58 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.

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.