Harvest Fund Management Co. Ltd Boosts Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Harvest Fund Management Co. Ltd raised its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 43.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,342 shares of the company’s stock after purchasing an additional 13,816 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Monster Beverage were worth $2,365,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LRI Investments LLC bought a new position in Monster Beverage during the first quarter valued at approximately $26,000. Lazard Asset Management LLC increased its position in Monster Beverage by 40.0% in the first quarter. Lazard Asset Management LLC now owns 2,189 shares of the company’s stock worth $129,000 after purchasing an additional 625 shares during the last quarter. Mount Yale Investment Advisors LLC raised its stake in Monster Beverage by 4.4% during the first quarter. Mount Yale Investment Advisors LLC now owns 7,023 shares of the company’s stock valued at $416,000 after purchasing an additional 298 shares in the last quarter. Silvercrest Asset Management Group LLC raised its stake in Monster Beverage by 25.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 88,949 shares of the company’s stock valued at $5,273,000 after purchasing an additional 17,994 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in shares of Monster Beverage by 37.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 13,869 shares of the company’s stock worth $822,000 after buying an additional 3,767 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Truist Financial lowered their price target on Monster Beverage from $46.00 to $40.00 and set a “sell” rating for the company in a research report on Friday, August 9th. Wells Fargo & Company lifted their price target on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. reduced their price objective on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. UBS Group increased their price target on Monster Beverage from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Monster Beverage has an average rating of “Moderate Buy” and a consensus target price of $56.45.

Monster Beverage Stock Performance

Shares of MNST stock opened at $54.06 on Monday. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The stock has a market cap of $52.57 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.58 and a beta of 0.74. The business has a 50-day simple moving average of $52.74 and a 200-day simple moving average of $51.03.

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.