Nisa Investment Advisors LLC Buys 21,326 Shares of Monster Beverage Corporation $MNST

Nisa Investment Advisors LLC boosted its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 6.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 337,030 shares of the company’s stock after purchasing an additional 21,326 shares during the period. Nisa Investment Advisors LLC’s holdings in Monster Beverage were worth $21,112,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Salomon & Ludwin LLC bought a new position in shares of Monster Beverage during the 2nd quarter valued at $28,000. Wayfinding Financial LLC bought a new position in Monster Beverage in the first quarter valued at about $29,000. Webster Bank N. A. bought a new position in Monster Beverage in the second quarter valued at about $38,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Monster Beverage by 37.1% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company’s stock valued at $42,000 after acquiring an additional 196 shares during the period. Finally, Banque Cantonale Vaudoise bought a new position in shares of Monster Beverage in the 1st quarter worth approximately $43,000. 72.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MNST shares. Roth Capital reiterated a “neutral” rating and issued a $60.00 price objective (up previously from $56.00) on shares of Monster Beverage in a research note on Wednesday, August 13th. Royal Bank Of Canada increased their price target on shares of Monster Beverage from $68.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Wells Fargo & Company set a $73.00 target price on Monster Beverage and gave the stock an “overweight” rating in a report on Friday, August 8th. Redburn Atlantic cut Monster Beverage from a “strong-buy” rating to a “hold” rating and decreased their target price for the stock from $63.00 to $60.00 in a report on Wednesday, July 9th. Finally, Bank of America raised their price objective on Monster Beverage from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Thirteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $66.43.

Monster Beverage Price Performance

Shares of MNST stock opened at $69.69 on Monday. The company’s fifty day moving average price is $65.67 and its 200-day moving average price is $62.82. The company has a market capitalization of $68.05 billion, a price-to-earnings ratio of 43.29, a PEG ratio of 2.42 and a beta of 0.54. Monster Beverage Corporation has a one year low of $45.70 and a one year high of $70.72.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Monster Beverage had a return on equity of 27.46% and a net margin of 20.54%.The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $0.41 earnings per share. Equities research analysts expect that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Insider Transactions at Monster Beverage

In related news, Director Mark Vidergauz sold 10,000 shares of Monster Beverage stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $63.73, for a total transaction of $637,300.00. Following the sale, the director owned 51,191 shares of the company’s stock, valued at approximately $3,262,402.43. This trade represents a 16.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.80% of the company’s stock.

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.