Nuveen Asset Management LLC Has $3.64 Million Stake in Monster Beverage Corporation (NASDAQ:MNST)

Nuveen Asset Management LLC decreased its position in Monster Beverage Corporation (NASDAQ:MNST) by 73.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor 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 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. UBS Oconnor LLC boosted its stake in shares of Monster Beverage Corporation by 21.0% in the first quarter. UBS Oconnor LLC now owns 166,775 shares of the company’s stock worth $7,700,000 after buying an additional 28,971 shares in the last quarter. Piedmont Investment Advisors LLC boosted its stake in shares of Monster Beverage Corporation by 0.9% in the first quarter. Piedmont Investment Advisors LLC now owns 88,627 shares of the company’s stock worth $4,092,000 after buying an additional 755 shares in the last quarter. Achmea Investment Management B.V. bought a new stake in shares of Monster Beverage Corporation during the first quarter worth about $462,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Monster Beverage Corporation by 59.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,612 shares of the company’s stock worth $213,000 after buying an additional 1,712 shares in the last quarter. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Monster Beverage Corporation during the first quarter worth about $601,000. Institutional investors own 65.71% of the company’s stock.

Monster Beverage Corporation (NASDAQ:MNST) opened at 49.98 on Wednesday. The firm’s 50-day moving average price is $49.98 and its 200 day moving average price is $46.24. Monster Beverage Corporation has a 52-week low of $40.64 and a 52-week high of $55.50. The company has a market cap of $28.38 billion, a PE ratio of 40.24 and a beta of 0.95.

Monster Beverage Corporation (NASDAQ:MNST) last issued its earnings results on Thursday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The firm had revenue of $742.10 million for the quarter, compared to analyst estimates of $738.54 million. Monster Beverage Corporation had a return on equity of 23.36% and a net margin of 23.36%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 earnings per share. On average, equities analysts predict that Monster Beverage Corporation will post $1.49 EPS for the current fiscal year.

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A number of equities research analysts have recently issued reports on the company. BidaskClub cut Monster Beverage Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research cut Monster Beverage Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Royal Bank Of Canada restated an “outperform” rating and issued a $61.00 price target on shares of Monster Beverage Corporation in a research note on Friday, June 23rd. Cowen and Company restated an “outperform” rating and issued a $58.00 price target on shares of Monster Beverage Corporation in a research note on Thursday, June 22nd. Finally, Credit Suisse Group restated an “outperform” rating and issued a $60.00 price target (up previously from $59.00) on shares of Monster Beverage Corporation in a research note on Thursday, June 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Monster Beverage Corporation has an average rating of “Buy” and a consensus target price of $56.48.

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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