Knuff & Co LLC Buys 18,669 Shares of Monster Beverage Co. (NASDAQ:MNST)

Knuff & Co LLC grew its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 24.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 94,989 shares of the company’s stock after buying an additional 18,669 shares during the period. Monster Beverage makes up 1.5% of Knuff & Co LLC’s investment portfolio, making the stock its 20th biggest holding. Knuff & Co LLC’s holdings in Monster Beverage were worth $4,956,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. LRI Investments LLC bought a new stake in shares of Monster Beverage in the 1st quarter worth approximately $26,000. Stephens Consulting LLC acquired a new stake in Monster Beverage during the second quarter worth $26,000. Kings Path Partners LLC acquired a new stake in Monster Beverage during the second quarter worth $30,000. University of Texas Texas AM Investment Management Co. bought a new stake in Monster Beverage in the 2nd quarter valued at $30,000. Finally, Crewe Advisors LLC acquired a new position in shares of Monster Beverage in the 1st quarter valued at $37,000. Institutional investors own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

MNST has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lowered their target price 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. Evercore ISI lowered their price target on Monster Beverage from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Truist Financial dropped their price objective on Monster Beverage from $46.00 to $40.00 and set a “sell” rating for the company in a research note on Friday, August 9th. UBS Group boosted their target price on shares of Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Argus increased their target price on shares of Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $56.45.

Monster Beverage Stock Up 2.4 %

Shares of NASDAQ MNST opened at $53.27 on Tuesday. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The firm’s 50-day moving average is $52.45 and its 200-day moving average is $51.04. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $51.81 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 2.48 and a beta of 0.74.

About Monster Beverage

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.