Monster Beverage Corporation $MNST Stock Position Increased by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors doubled its Monster Beverage stake in the third quarter, adding 238,907 shares to own 473,123 shares valued at approximately $19.7 million.
• Institutional ownership remains high at 72.36%, with major investors including BlackRock, Ninety One UK, Bank of America, Arrowstreet Capital and Wellington Management increasing or initiating positions.
• Monster Beverage reported strong quarterly results, with EPS of $0.60 and revenue of $2.50 billion, both exceeding expectations. Analysts maintain a “Moderate Buy” consensus, with an average price target of $74.07 versus the stock’s reported price of $46.63.

Nisa Investment Advisors LLC grew its holdings in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 102.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 473,123 shares of the company's stock after acquiring an additional 238,907 shares during the period. Nisa Investment Advisors LLC's holdings in Monster Beverage were worth $19,691,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MNST. BlackRock Inc. purchased a new position in shares of Monster Beverage during the second quarter worth $5,770,004,000. Ninety One UK Ltd lifted its position in Monster Beverage by 89.1% during the third quarter. Ninety One UK Ltd now owns 13,105,329 shares of the company's stock valued at $545,444,000 after purchasing an additional 6,175,047 shares during the period. Bank of America Corp DE boosted its holdings in Monster Beverage by 0.8% in the first quarter. Bank of America Corp DE now owns 12,532,462 shares of the company's stock valued at $908,102,000 after purchasing an additional 99,168 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted 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 last quarter. Finally, Wellington Management Group LLP boosted 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 last quarter. Institutional investors and hedge funds own 72.36% of the company's stock.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $46.63 on Thursday. The stock has a market capitalization of $91.35 billion, a price-to-earnings ratio of 43.18, a PEG ratio of 2.92 and a beta of 0.49. The firm's 50 day simple moving average is $44.77 and its 200-day simple moving average is $44.38. Monster Beverage Corporation has a 12 month low of $32.94 and a 12 month high of $50.17.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.43 billion. During the same period in the previous year, the business posted $0.26 EPS. The business's revenue was up 20.2% compared to the same quarter last year. Analysts anticipate that Monster Beverage Corporation will post 1.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MNST. BMO Capital Markets reaffirmed a "market perform" rating and set a $47.50 price target (up from $36.50) on shares of Monster Beverage in a research report on Monday, July 20th. JPMorgan Chase & Co. lifted their price objective on Monster Beverage from $83.00 to $99.00 and gave the company a "neutral" rating in a research note on Thursday, July 30th. Evercore decreased their price objective on Monster Beverage from $95.00 to $52.00 in a report on Thursday, October 8th. Weiss Ratings downgraded Monster Beverage from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday. Finally, Sanford C. Bernstein lowered their target price on Monster Beverage from $95.00 to $50.00 in a research note on Sunday, August 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $74.07.

About Monster Beverage

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.

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