Nisa Investment Advisors LLC grew its position in Monster Beverage Co. (NASDAQ:MNST) by 7.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,190 shares of the company’s stock after acquiring an additional 9,400 shares during the period. Nisa Investment Advisors LLC’s holdings in Monster Beverage were worth $9,062,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in MNST. Bank of New York Mellon Corp boosted its holdings in shares of Monster Beverage by 19.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,132,325 shares of the company’s stock worth $338,810,000 after buying an additional 1,008,607 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Monster Beverage by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 28,432,909 shares of the company’s stock worth $1,412,547,000 after buying an additional 771,913 shares during the period. Alyeska Investment Group L.P. boosted its holdings in shares of Monster Beverage by 163.6% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,173,475 shares of the company’s stock worth $64,834,000 after buying an additional 728,295 shares during the period. WINTON GROUP Ltd boosted its holdings in shares of Monster Beverage by 239.0% during the 3rd quarter. WINTON GROUP Ltd now owns 614,794 shares of the company’s stock worth $33,967,000 after buying an additional 433,465 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of Monster Beverage by 1.7% during the 2nd quarter. BlackRock Inc. now owns 21,937,361 shares of the company’s stock worth $1,089,848,000 after buying an additional 376,666 shares during the period. 65.69% of the stock is owned by institutional investors.
Several analysts recently commented on the stock. BidaskClub downgraded shares of Monster Beverage from a “buy” rating to a “hold” rating in a report on Saturday. Credit Suisse Group downgraded shares of Monster Beverage to a “hold” rating and set a $69.00 target price for the company. in a report on Thursday, January 4th. Wells Fargo & Co lifted their target price on shares of Monster Beverage from $54.00 to $60.00 and gave the stock a “market perform” rating in a report on Thursday, January 4th. Macquarie lifted their target price on shares of Monster Beverage from $65.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, December 21st. Finally, Deutsche Bank assumed coverage on shares of Monster Beverage in a report on Wednesday, December 13th. They set a “hold” rating and a $66.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Monster Beverage has a consensus rating of “Buy” and a consensus price target of $60.99.
Shares of Monster Beverage Co. (NASDAQ MNST) opened at $63.77 on Monday. Monster Beverage Co. has a 12 month low of $41.02 and a 12 month high of $66.16. The firm has a market cap of $35,963.94, a PE ratio of 46.21, a price-to-earnings-growth ratio of 1.88 and a beta of 0.94.
Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. Monster Beverage had a net margin of 23.92% and a return on equity of 23.45%. The business had revenue of $909.50 million during the quarter, compared to analysts’ expectations of $903.82 million. During the same quarter in the previous year, the company earned $0.34 EPS. The business’s revenue was up 15.4% on a year-over-year basis. equities research analysts expect that Monster Beverage Co. will post 1.48 earnings per share for the current year.
In other news, CEO Rodney C. Sacks sold 697 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $64.51, for a total value of $44,963.47. Following the completion of the transaction, the chief executive officer now directly owns 963,789 shares in the company, valued at approximately $62,174,028.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Rodney C. Sacks sold 898 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $64.51, for a total transaction of $57,929.98. The disclosure for this sale can be found here. Insiders sold a total of 268,026 shares of company stock valued at $17,179,867 in the last quarter. Corporate insiders own 9.40% of the company’s stock.
About Monster Beverage
Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.
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