National Wealth Management Group LLC Takes $732,000 Position in Monster Beverage Co. (NASDAQ:MNST)

National Wealth Management Group LLC acquired a new stake in shares of Monster Beverage Co. (NASDAQ:MNST) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 14,025 shares of the company’s stock, valued at approximately $732,000.

Other hedge funds have also recently modified their holdings of the company. LRI Investments LLC acquired a new stake in Monster Beverage during the first quarter valued at $26,000. Stephens Consulting LLC acquired a new stake in shares of Monster Beverage during the 2nd quarter valued at about $26,000. Kings Path Partners LLC purchased a new position in shares of Monster Beverage in the 2nd quarter valued at about $30,000. University of Texas Texas AM Investment Management Co. acquired a new position in Monster Beverage in the 2nd quarter worth about $30,000. Finally, Quarry LP raised its holdings in Monster Beverage by 152.0% in the 2nd quarter. Quarry LP now owns 824 shares of the company’s stock worth $41,000 after purchasing an additional 497 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Up 0.6 %

Shares of NASDAQ:MNST opened at $55.14 on Thursday. 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 business has a fifty day moving average of $52.96 and a two-hundred day moving average of $51.05. The stock has a market cap of $53.62 billion, a P/E ratio of 35.35, a PEG ratio of 2.63 and a beta of 0.74. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22.

Analyst Ratings Changes

A number of analysts have recently commented on MNST shares. JPMorgan Chase & Co. cut their price objective on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Roth Mkm reduced their target price on Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. UBS Group upped their target price on Monster Beverage from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. BMO Capital Markets reduced their target price on Monster Beverage from $56.00 to $54.00 and set a “market perform” rating for the company in a research note on Thursday, August 8th. Finally, TD Cowen upped their target price on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $56.45.

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.