Monster Beverage Co. (NASDAQ:MNST) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC grew its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 6.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,077,972 shares of the company’s stock after purchasing an additional 133,080 shares during the quarter. Natixis Advisors LLC owned approximately 0.21% of Monster Beverage worth $108,408,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MNST. Journey Advisory Group LLC increased its position in Monster Beverage by 4.1% in the 2nd quarter. Journey Advisory Group LLC now owns 4,970 shares of the company’s stock worth $248,000 after buying an additional 196 shares during the period. Dorsey & Whitney Trust CO LLC grew its stake in Monster Beverage by 5.1% during 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. Crossmark Global Holdings Inc. increased its holdings in Monster Beverage by 0.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 48,726 shares of the company’s stock valued at $2,434,000 after purchasing an additional 211 shares in the last quarter. Crewe Advisors LLC increased its stake in shares of Monster Beverage by 37.5% in the second quarter. Crewe Advisors LLC now owns 850 shares of the company’s stock valued at $42,000 after buying an additional 232 shares in the last quarter. Finally, Ieq Capital LLC raised its stake in shares of Monster Beverage by 0.3% in the second quarter. Ieq Capital LLC now owns 68,735 shares of the company’s stock worth $3,433,000 after acquiring an additional 232 shares during the last quarter. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Monster Beverage Trading Down 7.1 %

MNST opened at $52.00 on Friday. The firm has a market capitalization of $50.57 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 2.69 and a beta of 0.74. The company’s 50 day moving average price is $52.40 and its two-hundred day moving average price is $51.08. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MNST shares. Deutsche Bank Aktiengesellschaft dropped their target price on Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Stifel Nicolaus boosted their price target 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. Citigroup dropped their target price on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Royal Bank of Canada decreased their price objective on Monster Beverage from $64.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Bank of America raised their target price on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $56.45.

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.