Monster Beverage Co. (NASDAQ:MNST) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its holdings in Monster Beverage Co. (NASDAQ:MNST) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 308,239 shares of the company’s stock after purchasing an additional 7,773 shares during the period. Nisa Investment Advisors LLC’s holdings in Monster Beverage were worth $16,201,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp grew its position in Monster Beverage by 6.9% in the third quarter. State Street Corp now owns 33,742,390 shares of the company’s stock worth $1,760,341,000 after buying an additional 2,168,379 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Monster Beverage by 4.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock worth $1,416,048,000 after acquiring an additional 1,229,789 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Monster Beverage by 109.3% in the 3rd quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock worth $1,176,913,000 after acquiring an additional 11,779,162 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Monster Beverage by 3.1% during the third quarter. Geode Capital Management LLC now owns 15,728,086 shares of the company’s stock worth $817,490,000 after purchasing an additional 473,418 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Monster Beverage by 18.1% during the third quarter. Wellington Management Group LLP now owns 3,898,127 shares of the company’s stock valued at $203,365,000 after purchasing an additional 596,078 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors.

Monster Beverage Price Performance

NASDAQ MNST opened at $49.21 on Thursday. The firm has a market cap of $47.86 billion, a P/E ratio of 31.55, a price-to-earnings-growth ratio of 2.09 and a beta of 0.74. The stock’s 50-day moving average is $52.54 and its two-hundred day moving average is $51.27. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51.

Wall Street Analyst Weigh In

MNST has been the topic of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $59.00 price objective on shares of Monster Beverage in a report on Wednesday. Wells Fargo & Company boosted their price target on shares of Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Needham & Company LLC began coverage on shares of Monster Beverage in a research note on Friday, December 6th. They issued a “hold” rating for the company. TD Cowen boosted their target price on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Finally, Argus raised their target price on Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Two equities research 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 MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $55.42.

Insider Activity at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $52.65, for a total transaction of $526,500.00. Following the transaction, the chief financial officer now owns 74,924 shares in the company, valued at $3,944,748.60. This trade represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 7.80% of the stock is owned by company insiders.

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.