Monster Beverage Corporation $MNST Stock Holdings Raised by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its holdings in Monster Beverage Corporation (NASDAQ:MNST) by 102.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 473,123 shares of the company’s stock after purchasing an additional 238,907 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Monster Beverage were worth $19,691,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Monster Beverage in the 2nd quarter worth about $5,770,004,000. Bank of America Corp DE purchased a new position in Monster Beverage during the second quarter worth approximately $1,195,360,000. Wellington Management Group LLP grew its holdings in Monster Beverage by 27.8% in the second quarter. Wellington Management Group LLP now owns 7,465,974 shares of the company’s stock valued at $717,629,000 after purchasing an additional 1,624,416 shares during the period. Jupiter Topco LLC acquired a new stake in Monster Beverage in the second quarter valued at approximately $593,075,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Monster Beverage by 23.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 7,637,514 shares of the company’s stock valued at $553,414,000 after purchasing an additional 1,461,167 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $48.50 price objective (down from $97.00) on shares of Monster Beverage in a research report on Wednesday, August 5th. Citigroup reiterated a “buy” rating on shares of Monster Beverage in a research report on Wednesday, August 12th. BNP Paribas Exane reiterated a “neutral” rating and set a $98.00 target price (up from $84.00) on shares of Monster Beverage in a research report on Monday, September 28th. The Goldman Sachs Group lifted their price target on shares of Monster Beverage from $106.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Weiss Ratings lowered shares of Monster Beverage from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Monster Beverage has an average rating of “Moderate Buy” and an average target price of $74.07.

Monster Beverage Stock Down 0.9%

MNST opened at $46.63 on Thursday. Monster Beverage Corporation has a twelve month low of $32.94 and a twelve month high of $50.17. The company has a 50-day moving average price of $44.77 and a 200 day moving average price of $44.38. The company has a market cap of $91.35 billion, a PE ratio of 43.18, a price-to-earnings-growth ratio of 2.92 and a beta of 0.49.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Monster Beverage had a net margin of 23.08% and a return on equity of 26.02%. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same period last year, the company posted $0.26 EPS. Monster Beverage’s quarterly revenue was up 20.2% compared to the same quarter last year. As a group, sell-side analysts expect that Monster Beverage Corporation will post 1.16 earnings per share for the current year.

Monster Beverage Profile

Monster Beverage Corporation is a global beverage company focused primarily on the development, marketing, sale and distribution of energy drinks. Its portfolio includes the flagship Monster Energy brand, along with products marketed under brands such as NOS, Full Throttle, Reign, Burn and Mother. The company offers a range of energy drinks in different flavors and formulations, including products positioned for performance, fitness and everyday consumption.

The company traces its origins to Hansen Natural Corporation, which was founded in 1935 and changed its name to Monster Beverage Corporation in 2012 as the Monster Energy brand became increasingly central to its business.