GSA Capital Partners LLP Has $573,000 Position in Monster Beverage Co. (NASDAQ:MNST)

GSA Capital Partners LLP lowered its holdings in Monster Beverage Co. (NASDAQ:MNST) by 82.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,992 shares of the company’s stock after selling 50,278 shares during the quarter. GSA Capital Partners LLP’s holdings in Monster Beverage were worth $573,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Venturi Wealth Management LLC boosted its stake in Monster Beverage by 12.8% in the third quarter. Venturi Wealth Management LLC now owns 4,864 shares of the company’s stock worth $254,000 after purchasing an additional 552 shares in the last quarter. Delta Financial Advisors LLC raised its position in shares of Monster Beverage by 12.0% during the third quarter. Delta Financial Advisors LLC now owns 21,516 shares of the company’s stock worth $1,122,000 after acquiring an additional 2,308 shares during the last quarter. Ashton Thomas Securities LLC raised its position in shares of Monster Beverage by 13.5% during the third quarter. Ashton Thomas Securities LLC now owns 15,802 shares of the company’s stock worth $824,000 after acquiring an additional 1,874 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Monster Beverage by 0.7% during the third quarter. Crossmark Global Holdings Inc. now owns 49,077 shares of the company’s stock worth $2,561,000 after acquiring an additional 351 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC bought a new stake in shares of Monster Beverage during the third quarter worth $398,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Stock Up 2.4 %

Shares of Monster Beverage stock opened at $53.27 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The company has a market capitalization of $51.81 billion, a P/E ratio of 34.15, a price-to-earnings-growth ratio of 2.48 and a beta of 0.74. The business has a 50-day moving average of $52.45 and a two-hundred day moving average of $51.04. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22.

Analyst Upgrades and Downgrades

MNST has been the subject of a number of recent research reports. Royal Bank of Canada dropped their target price on Monster Beverage from $64.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Citigroup dropped their target price on Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. TD Cowen boosted their target price on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Bank of America boosted their target price on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. dropped their price objective on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, 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.