Ashton Thomas Private Wealth LLC Has $676,000 Stake in Monster Beverage Co. (NASDAQ:MNST)

Ashton Thomas Private Wealth LLC cut its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 5.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,964 shares of the company’s stock after selling 763 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Monster Beverage were worth $676,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. purchased a new position in shares of Monster Beverage during the 1st quarter valued at $1,063,000. Bleakley Financial Group LLC raised its stake in shares of Monster Beverage by 8.9% during the 1st quarter. Bleakley Financial Group LLC now owns 15,431 shares of the company’s stock worth $915,000 after purchasing an additional 1,266 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of Monster Beverage by 37.0% during the 1st quarter. Blair William & Co. IL now owns 13,421 shares of the company’s stock valued at $796,000 after buying an additional 3,624 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Monster Beverage by 7.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 30,752 shares of the company’s stock valued at $1,823,000 after buying an additional 2,062 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its holdings in Monster Beverage by 5.1% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 4,317 shares of the company’s stock worth $256,000 after buying an additional 209 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MNST. TD Cowen increased their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday. Piper Sandler cut their target price on Monster Beverage from $59.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Citigroup decreased their price target on Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Stifel Nicolaus raised their price objective on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, UBS Group lifted their price target on shares of Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $56.45.

Monster Beverage Price Performance

Shares of Monster Beverage stock opened at $55.96 on Friday. 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 price is $52.18 and its two-hundred day moving average price is $51.06. 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 stock has a market capitalization of $54.42 billion, a price-to-earnings ratio of 36.24, a P/E/G ratio of 2.67 and a beta of 0.74.

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.