Nuveen Asset Management LLC Has $360.27 Million Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Nuveen Asset Management LLC lowered its stake in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 16.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,854,518 shares of the company's stock after selling 1,343,561 shares during the period. Nuveen Asset Management LLC owned approximately 0.70% of Monster Beverage worth $360,273,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Monster Beverage by 62.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock valued at $28,000 after buying an additional 203 shares during the period. Spire Wealth Management bought a new stake in shares of Monster Beverage in the fourth quarter valued at about $29,000. Retirement Wealth Solutions LLC bought a new stake in shares of Monster Beverage in the fourth quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Monster Beverage in the fourth quarter valued at about $31,000. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Monster Beverage in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 72.36% of the company's stock.

Monster Beverage Price Performance

Shares of NASDAQ:MNST traded up $0.53 during trading on Friday, reaching $62.86. The stock had a trading volume of 8,363,444 shares, compared to its average volume of 6,978,827. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $62.92. The business's 50-day moving average price is $58.49 and its 200 day moving average price is $54.24. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The stock has a market capitalization of $61.30 billion, a PE ratio of 40.30, a P/E/G ratio of 2.28 and a beta of 0.63.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.47 earnings per share (EPS) 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 company had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. Monster Beverage's quarterly revenue was down 2.3% compared to the same quarter last year. As a group, equities analysts predict that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Insider Buying and Selling

In other Monster Beverage news, insider Emelie Tirre sold 91,316 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total value of $5,057,080.08. Following the transaction, the insider now directly owns 76,201 shares in the company, valued at approximately $4,220,011.38. This trade represents a 54.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thomas J. Kelly sold 10,000 shares of the business's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $55.27, for a total value of $552,700.00. Following the sale, the chief financial officer now owns 72,273 shares of the company's stock, valued at approximately $3,994,528.71. The trade was a 12.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 208,316 shares of company stock worth $11,484,440 in the last quarter. Insiders own 8.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. TD Cowen increased their target price on shares of Monster Beverage from $55.00 to $60.00 and gave the company a "hold" rating in a research note on Friday, May 9th. Wells Fargo & Company increased their target price on shares of Monster Beverage from $65.00 to $67.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. increased their target price on shares of Monster Beverage from $60.00 to $64.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Truist Financial raised their price target on shares of Monster Beverage from $40.00 to $50.00 and gave the stock a "sell" rating in a research note on Wednesday, April 23rd. Finally, Morgan Stanley raised their price target on shares of Monster Beverage from $60.00 to $65.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Monster Beverage has an average rating of "Hold" and a consensus price target of $60.50.

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.