Nuveen Asset Management LLC Decreases Stake in Monster Beverage Corporation (NASDAQ:MNST)

Nuveen Asset Management LLC reduced its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 73.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 78,791 shares of the company’s stock after selling 214,450 shares during the period. Nuveen Asset Management LLC’s holdings in Monster Beverage Corporation were worth $3,638,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Federated Investors Inc. PA boosted its position in shares of Monster Beverage Corporation by 36.2% in the fourth quarter. Federated Investors Inc. PA now owns 9,346 shares of the company’s stock valued at $414,000 after buying an additional 2,483 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Monster Beverage Corporation by 204.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 940,414 shares of the company’s stock valued at $41,701,000 after buying an additional 631,931 shares during the period. Stifel Financial Corp boosted its stake in Monster Beverage Corporation by 210.6% in the first quarter. Stifel Financial Corp now owns 233,660 shares of the company’s stock valued at $10,802,000 after buying an additional 158,424 shares during the period. Boston Advisors LLC boosted its stake in Monster Beverage Corporation by 7,367.2% in the first quarter. Boston Advisors LLC now owns 386,653 shares of the company’s stock valued at $17,852,000 after buying an additional 381,475 shares during the period. Finally, Axiom International Investors LLC DE boosted its stake in Monster Beverage Corporation by 18.5% in the first quarter. Axiom International Investors LLC DE now owns 643,414 shares of the company’s stock valued at $29,706,000 after buying an additional 100,614 shares during the period. 65.70% of the stock is owned by institutional investors.

Shares of Monster Beverage Corporation (NASDAQ:MNST) traded down 0.81% during mid-day trading on Friday, hitting $52.71. 1,378,432 shares of the company’s stock traded hands. The stock has a market cap of $29.93 billion, a P/E ratio of 42.44 and a beta of 0.96. Monster Beverage Corporation has a 1-year low of $40.64 and a 1-year high of $55.50. The stock has a 50 day moving average price of $51.38 and a 200-day moving average price of $47.37.

Monster Beverage Corporation (NASDAQ:MNST) last announced its quarterly earnings data on Thursday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The company had revenue of $742.10 million for the quarter, compared to analysts’ expectations of $738.54 million. Monster Beverage Corporation had a net margin of 23.36% and a return on equity of 23.36%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS. Equities research analysts anticipate that Monster Beverage Corporation will post $1.49 EPS for the current fiscal year.

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Several equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Monster Beverage Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Cowen and Company reissued a “buy” rating and issued a $58.00 price target on shares of Monster Beverage Corporation in a research report on Friday, July 14th. Zacks Investment Research raised shares of Monster Beverage Corporation from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Monday, July 17th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $57.00 price target on shares of Monster Beverage Corporation in a research report on Friday, June 16th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $63.00 price target on shares of Monster Beverage Corporation in a research report on Friday, June 16th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Monster Beverage Corporation currently has an average rating of “Buy” and a consensus price target of $56.75.

About Monster Beverage Corporation

Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.

Institutional Ownership by Quarter for Monster Beverage Corporation (NASDAQ:MNST)

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