Nisa Investment Advisors LLC Has $20.14 Million Stock Position in Monster Beverage Corporation $MNST

Nisa Investment Advisors LLC lowered its stake in Monster Beverage Corporation (NASDAQ:MNST) by 11.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 299,264 shares of the company’s stock after selling 37,766 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Monster Beverage were worth $20,143,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its position in Monster Beverage by 397.9% in the 1st quarter. Jones Financial Companies Lllp now owns 15,201 shares of the company’s stock valued at $890,000 after acquiring an additional 12,148 shares in the last quarter. Bayforest Capital Ltd raised its stake in shares of Monster Beverage by 23.4% in the 1st quarter. Bayforest Capital Ltd now owns 2,127 shares of the company’s stock valued at $124,000 after purchasing an additional 404 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Monster Beverage by 3.3% in the first quarter. Intech Investment Management LLC now owns 126,852 shares of the company’s stock valued at $7,423,000 after purchasing an additional 4,018 shares in the last quarter. Strs Ohio bought a new stake in shares of Monster Beverage in the first quarter valued at about $9,249,000. Finally, Cim LLC boosted its position in shares of Monster Beverage by 1.9% during the first quarter. Cim LLC now owns 312,094 shares of the company’s stock worth $18,264,000 after buying an additional 5,943 shares during the period. Institutional investors own 72.36% of the company’s stock.

Insiders Place Their Bets

In other news, insider Emelie Tirre sold 30,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $73.31, for a total transaction of $2,199,300.00. Following the completion of the sale, the insider owned 63,939 shares in the company, valued at approximately $4,687,368.09. This trade represents a 31.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Guy Carling sold 38,438 shares of Monster Beverage stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $71.33, for a total transaction of $2,741,782.54. Following the sale, the insider directly owned 21,993 shares of the company’s stock, valued at $1,568,760.69. The trade was a 63.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 274,981 shares of company stock valued at $20,138,516 over the last ninety days. 8.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on MNST. Weiss Ratings reiterated a “buy (b)” rating on shares of Monster Beverage in a research note on Monday, December 29th. Morgan Stanley restated an “overweight” rating and issued a $87.00 price objective (up previously from $81.00) on shares of Monster Beverage in a report on Tuesday, December 23rd. Evercore ISI lifted their target price on Monster Beverage from $72.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. The Goldman Sachs Group increased their price target on Monster Beverage from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Finally, UBS Group raised their price target on Monster Beverage from $72.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.05.

Monster Beverage Stock Up 1.0%

Shares of NASDAQ MNST opened at $77.34 on Friday. The business’s 50 day moving average price is $73.91 and its two-hundred day moving average price is $67.39. The company has a market cap of $75.56 billion, a PE ratio of 43.94, a price-to-earnings-growth ratio of 2.02 and a beta of 0.46. Monster Beverage Corporation has a twelve month low of $45.70 and a twelve month high of $78.31.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Thursday, November 6th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.48 by $0.08. Monster Beverage had a return on equity of 27.76% and a net margin of 21.65%.The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the company posted $0.41 EPS. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, research analysts anticipate that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Monster Beverage Profile

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.