UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 568,918 Shares of Monster Beverage Co. (NASDAQ:MNST)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Monster Beverage Co. (NASDAQ:MNST) by 10.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,912,217 shares of the company’s stock after selling 568,918 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.51% of Monster Beverage worth $256,270,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Ninety One UK Ltd boosted its position in Monster Beverage by 93.9% during the second quarter. Ninety One UK Ltd now owns 7,477,852 shares of the company’s stock worth $373,519,000 after purchasing an additional 3,620,436 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Monster Beverage by 1,148.0% in the third quarter. Assenagon Asset Management S.A. now owns 2,596,888 shares of the company’s stock worth $135,480,000 after buying an additional 2,388,798 shares during the last quarter. AMF Tjanstepension AB bought a new stake in shares of Monster Beverage during the 2nd quarter worth $81,757,000. Loomis Sayles & Co. L P grew its stake in Monster Beverage by 4.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock valued at $1,416,048,000 after buying an additional 1,229,789 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in Monster Beverage by 9,260.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 1,041,275 shares of the company’s stock worth $52,012,000 after acquiring an additional 1,030,151 shares during the period. Institutional investors own 72.36% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus raised their price target on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Bank of America upped their price target on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Citigroup lowered their price objective on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, TD Cowen boosted their price objective on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Monster Beverage has a consensus rating of “Moderate Buy” and a consensus target price of $56.45.

Monster Beverage Trading Down 0.0 %

Shares of MNST stock opened at $55.13 on Friday. The company has a market capitalization of $53.62 billion, a P/E ratio of 35.34, a P/E/G ratio of 2.63 and a beta of 0.74. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month 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 firm has a 50-day moving average price of $53.11 and a 200 day moving average price of $51.08.

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.