Icon Wealth Advisors LLC Purchases 429 Shares of Monster Beverage Co. (NASDAQ:MNST)

Icon Wealth Advisors LLC increased its position in Monster Beverage Co. (NASDAQ:MNST) by 7.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,394 shares of the company’s stock after purchasing an additional 429 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Monster Beverage were worth $334,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Dai ichi Life Insurance Company Ltd raised its stake in Monster Beverage by 2.3% in the second quarter. Dai ichi Life Insurance Company Ltd now owns 23,858 shares of the company’s stock valued at $1,192,000 after buying an additional 532 shares during the period. Cetera Advisors LLC raised its stake in Monster Beverage by 128.1% in the 1st quarter. Cetera Advisors LLC now owns 20,527 shares of the company’s stock valued at $1,217,000 after acquiring an additional 11,528 shares during the period. Swedbank AB lifted its holdings in Monster Beverage by 23.1% during the 2nd quarter. Swedbank AB now owns 121,731 shares of the company’s stock valued at $6,080,000 after purchasing an additional 22,823 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in Monster Beverage by 50.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 100,367 shares of the company’s stock worth $5,013,000 after purchasing an additional 33,478 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Monster Beverage by 6.7% in the third quarter. Daiwa Securities Group Inc. now owns 151,364 shares of the company’s stock valued at $7,897,000 after purchasing an additional 9,496 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MNST has been the subject of a number of research reports. Stifel Nicolaus raised their target price on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Jefferies Financial Group decreased their target price on Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Piper Sandler dropped their price target on Monster Beverage from $59.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their price target on Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, Wells Fargo & Company increased their price objective on Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Monster Beverage presently has a consensus rating of “Moderate Buy” and an average price target of $56.45.

Monster Beverage Trading Down 0.0 %

Shares of MNST opened at $55.13 on Friday. 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. The firm has a market cap of $53.62 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 2.63 and a beta of 0.74. The business’s fifty day moving average is $53.11 and its 200-day moving average is $51.08.

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.