Nisa Investment Advisors LLC Buys 7,465 Shares of Monster Beverage Corporation (NASDAQ:MNST)

Nisa Investment Advisors LLC lifted its position in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 2.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 315,704 shares of the company's stock after purchasing an additional 7,465 shares during the period. Nisa Investment Advisors LLC's holdings in Monster Beverage were worth $18,475,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MNST. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Monster Beverage by 76.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 66,906 shares of the company's stock worth $3,915,000 after buying an additional 28,932 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Monster Beverage by 0.9% during the 1st quarter. Principal Financial Group Inc. now owns 1,289,392 shares of the company's stock worth $75,455,000 after acquiring an additional 11,443 shares during the period. iA Global Asset Management Inc. lifted its holdings in shares of Monster Beverage by 5.8% during the 4th quarter. iA Global Asset Management Inc. now owns 113,866 shares of the company's stock worth $5,985,000 after acquiring an additional 6,210 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Monster Beverage by 28.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 36,501 shares of the company's stock worth $2,136,000 after acquiring an additional 8,155 shares during the period. Finally, Advisor Resource Council acquired a new position in Monster Beverage during the 1st quarter worth approximately $460,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Monster Beverage

In related news, CFO Thomas J. Kelly sold 27,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $63.40, for a total transaction of $1,711,800.00. Following the completion of the transaction, the chief financial officer owned 69,273 shares of the company's stock, valued at approximately $4,391,908.20. The trade was a 28.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Emelie Tirre sold 8,796 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $62.46, for a total transaction of $549,398.16. Following the transaction, the insider directly owned 89,501 shares of the company's stock, valued at approximately $5,590,232.46. This represents a 8.95% decrease in their position. The disclosure for this sale can be found here. 8.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MNST has been the subject of a number of research analyst reports. Stifel Nicolaus began coverage on shares of Monster Beverage in a research report on Thursday, June 12th. They set a "buy" rating and a $72.00 price objective for the company. CICC Research raised shares of Monster Beverage from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $56.00 to $65.00 in a research note on Monday, May 12th. Redburn Atlantic lowered shares of Monster Beverage from a "strong-buy" rating to a "hold" rating and reduced their price objective for the company from $63.00 to $60.00 in a research note on Wednesday. Citigroup upped their price objective on shares of Monster Beverage from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, April 14th. Finally, Roth Mkm upped their price objective on shares of Monster Beverage from $50.00 to $56.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $61.87.

Monster Beverage Stock Performance

NASDAQ MNST traded down $0.47 during trading hours on Friday, reaching $58.70. 2,692,311 shares of the company were exchanged, compared to its average volume of 5,994,097. The stock has a market capitalization of $57.25 billion, a P/E ratio of 38.63, a P/E/G ratio of 2.11 and a beta of 0.59. The company has a quick ratio of 2.78, a current ratio of 3.37 and a debt-to-equity ratio of 0.03. The business's 50 day simple moving average is $62.47 and its 200-day simple moving average is $56.74. Monster Beverage Corporation has a 1 year low of $43.32 and a 1 year high of $64.45.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.97 billion. Monster Beverage had a net margin of 20.27% and a return on equity of 27.46%. Monster Beverage's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.42 earnings per share. On average, equities research analysts expect that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

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.