Monster Beverage Corporation $MNST Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 6.8% in the 4th quarter, HoldingsChannel reports. The firm owned 279,027 shares of the company’s stock after selling 20,237 shares during the period. Nisa Investment Advisors LLC’s holdings in Monster Beverage were worth $21,393,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in MNST. Jones Financial Companies Lllp raised its stake in shares of Monster Beverage by 397.9% during the 1st quarter. Jones Financial Companies Lllp now owns 15,201 shares of the company’s stock worth $890,000 after buying an additional 12,148 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Monster Beverage by 247.7% in the second quarter. Sivia Capital Partners LLC now owns 12,986 shares of the company’s stock valued at $813,000 after buying an additional 9,251 shares in the last quarter. American Century Companies Inc. grew its holdings in Monster Beverage by 137.2% during the second quarter. American Century Companies Inc. now owns 204,133 shares of the company’s stock worth $12,787,000 after acquiring an additional 118,088 shares during the period. Quadrant Capital Group LLC grew its holdings in Monster Beverage by 6.2% during the second quarter. Quadrant Capital Group LLC now owns 12,678 shares of the company’s stock worth $794,000 after acquiring an additional 743 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC purchased a new position in Monster Beverage in the second quarter worth $462,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on MNST shares. The Goldman Sachs Group raised their target price on Monster Beverage from $80.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Monster Beverage in a research note on Monday, December 29th. BNP Paribas Exane upgraded shares of Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 price target for the company in a report on Friday, January 16th. Roth Mkm reiterated a “neutral” rating and issued a $70.00 price objective on shares of Monster Beverage in a research note on Wednesday, December 3rd. Finally, Citigroup boosted their price objective on shares of Monster Beverage from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Fourteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.76.

Monster Beverage Price Performance

Shares of Monster Beverage stock opened at $72.46 on Wednesday. Monster Beverage Corporation has a 1 year low of $54.73 and a 1 year high of $87.38. The business has a 50 day moving average price of $79.24 and a 200 day moving average price of $74.41. The company has a market capitalization of $70.86 billion, a P/E ratio of 37.35, a P/E/G ratio of 2.31 and a beta of 0.44.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Thursday, February 26th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Monster Beverage had a return on equity of 27.38% and a net margin of 22.97%.Monster Beverage’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 EPS. As a group, research analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Monster Beverage Company 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.