Nissay Asset Management Corp Japan ADV Acquires 20,669 Shares of Monster Beverage Corporation $MNST

Key Points

• Nissay Asset Management Corp Japan ADV increased its holdings in Monster Beverage Corporation by 10.9% during Q1, owning a total of 210,768 shares now valued at approximately $12.33 million.
• Monster Beverage reported a quarterly earnings per share (EPS) of $0.52, exceeding analysts' expectations and demonstrating an 11.1% revenue increase year-over-year to $2.11 billion.
• Institutional investors hold 72.36% of Monster Beverage's stock, indicating significant confidence in the company among large investors.

Nissay Asset Management Corp Japan ADV increased its stake in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 10.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 210,768 shares of the company's stock after purchasing an additional 20,669 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Monster Beverage were worth $12,334,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wayfinding Financial LLC bought a new position in shares of Monster Beverage in the first quarter worth approximately $29,000. Park Square Financial Group LLC purchased a new stake in Monster Beverage in the fourth quarter worth approximately $36,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Monster Beverage by 37.1% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company's stock worth $42,000 after buying an additional 196 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Monster Beverage in the first quarter worth approximately $43,000. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in Monster Beverage by 21.2% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,314 shares of the company's stock worth $77,000 after buying an additional 230 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Monster Beverage

In other news, Director Mark Vidergauz sold 10,000 shares of the firm's stock in a transaction 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 completion of the transaction, the director directly owned 51,191 shares in the company, valued at $3,262,402.43. This trade represents a 16.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.80% of the stock is owned by insiders.

Monster Beverage Stock Performance

MNST stock traded down $0.52 on Wednesday, reaching $62.83. The company's stock had a trading volume of 4,819,205 shares, compared to its average volume of 6,041,783. The business has a fifty day simple moving average of $61.62 and a two-hundred day simple moving average of $60.26. Monster Beverage Corporation has a 12-month low of $45.70 and a 12-month high of $66.75. The firm has a market cap of $61.35 billion, a PE ratio of 39.02, a PEG ratio of 2.19 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. Monster Beverage had a return on equity of 27.46% and a net margin of 20.54%.The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same quarter last year, the firm posted $0.41 earnings per share. The firm's revenue was up 11.1% on a year-over-year basis. As a group, research analysts anticipate that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MNST has been the subject of several research reports. Stifel Nicolaus initiated coverage on Monster Beverage in a research note on Thursday, June 12th. They issued a "buy" rating and a $72.00 target price for the company. The Goldman Sachs Group upped their target price on Monster Beverage from $67.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, June 13th. Citigroup upped their target price on Monster Beverage from $70.00 to $74.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Bank of America increased their price objective on Monster Beverage from $66.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Roth Mkm increased their price objective on Monster Beverage from $50.00 to $56.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $65.10.

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.