Nissay Asset Management Corp Japan ADV Acquires 7,106 Shares of Monster Beverage Co. (NASDAQ:MNST)

Nissay Asset Management Corp Japan ADV boosted its holdings in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 190,099 shares of the company's stock after acquiring an additional 7,106 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Monster Beverage were worth $9,990,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MNST. Czech National Bank lifted its position in Monster Beverage by 5.7% in the 4th quarter. Czech National Bank now owns 151,821 shares of the company's stock valued at $7,980,000 after acquiring an additional 8,150 shares in the last quarter. Wedmont Private Capital lifted its position in Monster Beverage by 12.2% in the 4th quarter. Wedmont Private Capital now owns 12,146 shares of the company's stock valued at $604,000 after acquiring an additional 1,319 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in Monster Beverage by 11.9% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 14,196 shares of the company's stock valued at $746,000 after acquiring an additional 1,508 shares in the last quarter. Board of the Pension Protection Fund bought a new position in shares of Monster Beverage during the 4th quarter worth approximately $936,000. Finally, Park Avenue Securities LLC lifted its position in shares of Monster Beverage by 2.7% during the 4th quarter. Park Avenue Securities LLC now owns 18,470 shares of the company's stock worth $971,000 after buying an additional 486 shares in the last quarter. Institutional investors own 72.36% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on MNST. UBS Group lifted their target price on shares of Monster Beverage from $62.00 to $63.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Truist Financial lifted their target price on shares of Monster Beverage from $40.00 to $50.00 and gave the stock a "sell" rating in a research report on Wednesday, April 23rd. Bank of America lifted their target price on shares of Monster Beverage from $57.00 to $66.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Roth Capital lifted their target price on shares of Monster Beverage from $50.00 to $56.00 and gave the stock a "neutral" rating in a research report on Wednesday. Finally, Wells Fargo & Company lifted their target price on shares of Monster Beverage from $65.00 to $67.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $60.50.

Monster Beverage Stock Up 1.3%

Monster Beverage stock opened at $61.00 on Thursday. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $62.46. The firm has a market capitalization of $59.49 billion, a price-to-earnings ratio of 39.10, a P/E/G ratio of 2.28 and a beta of 0.63. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $58.21 and a 200 day simple moving average of $54.11.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period in the previous year, the business earned $0.42 EPS. Monster Beverage's revenue was down 2.3% compared to the same quarter last year. On average, analysts predict that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Insider Activity at Monster Beverage

In other news, insider Guy Carling sold 47,000 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $55.02, for a total transaction of $2,585,940.00. Following the completion of the transaction, the insider now directly owns 21,993 shares in the company, valued at $1,210,054.86. The trade was a 68.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Emelie Tirre sold 91,316 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the transaction, the insider now owns 76,201 shares of the company's stock, valued at $4,220,011.38. This trade represents a 54.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 208,316 shares of company stock worth $11,484,440. Corporate insiders own 8.30% of the company's stock.

Monster Beverage Profile

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.

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