Monster Beverage Co. (NASDAQ:MNST) Position Raised by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its stake in Monster Beverage Co. (NASDAQ:MNST) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,187 shares of the company’s stock after buying an additional 259 shares during the period. Thrivent Financial for Lutherans’ holdings in Monster Beverage were worth $2,045,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in MNST. LRI Investments LLC acquired a new position in shares of Monster Beverage in the first quarter worth $26,000. Stephens Consulting LLC acquired a new position in shares of Monster Beverage during the second quarter valued at about $26,000. Kings Path Partners LLC acquired a new position in Monster Beverage in the second quarter worth about $30,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Monster Beverage during the second quarter worth approximately $30,000. Finally, Quarry LP increased its holdings in shares of Monster Beverage by 152.0% during the second quarter. Quarry LP now owns 824 shares of the company’s stock worth $41,000 after buying an additional 497 shares in the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MNST has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. BMO Capital Markets reduced their price target on shares of Monster Beverage from $56.00 to $54.00 and set a “market perform” rating on the stock in a research report on Thursday, August 8th. Jefferies Financial Group reduced their price target on shares of Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Citigroup reduced their price target on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, TD Cowen lifted their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Monster Beverage currently has a consensus rating of “Moderate Buy” and an average price target of $56.45.

Monster Beverage Stock Up 0.6 %

Shares of MNST stock opened at $55.14 on Friday. The firm’s fifty day moving average price is $53.03 and its two-hundred day moving average price is $51.08. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The firm has a market capitalization of $53.62 billion, a P/E ratio of 35.35, a PEG ratio of 2.63 and a beta of 0.74. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13.

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.