Monster Beverage Co. (NASDAQ:MNST) Director Sells $781,742.45 in Stock

Monster Beverage Co. (NASDAQ:MNSTGet Free Report) Director Mark Vidergauz sold 15,077 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $51.85, for a total value of $781,742.45. Following the sale, the director now directly owns 68,167 shares of the company’s stock, valued at $3,534,458.95. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Monster Beverage Trading Down 1.4 %

NASDAQ:MNST opened at $48.03 on Friday. Monster Beverage Co. has a 1 year low of $47.13 and a 1 year high of $61.22. The stock has a market cap of $50.03 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 1.84 and a beta of 0.76. The stock has a 50-day moving average price of $53.27 and a two-hundred day moving average price of $55.67.

Monster Beverage (NASDAQ:MNSTGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.90 billion. Monster Beverage had a net margin of 22.83% and a return on equity of 20.74%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 earnings per share. Sell-side analysts forecast that Monster Beverage Co. will post 1.77 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on MNST. Redburn Atlantic began coverage on Monster Beverage in a report on Wednesday, March 6th. They set a “buy” rating for the company. Morgan Stanley decreased their price objective on Monster Beverage from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday. Piper Sandler raised their price target on Monster Beverage from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Stifel Nicolaus decreased their price objective on Monster Beverage from $65.00 to $63.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Finally, JPMorgan Chase & Co. cut Monster Beverage from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $66.00 to $59.00 in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.11.

Get Our Latest Report on Monster Beverage

Institutional Trading of Monster Beverage

A number of institutional investors have recently modified their holdings of the company. Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Monster Beverage by 9.9% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,097 shares of the company’s stock valued at $124,000 after purchasing an additional 189 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Monster Beverage by 5.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 3,659 shares of the company’s stock valued at $211,000 after purchasing an additional 196 shares in the last quarter. Catalyst Capital Advisors LLC lifted its holdings in shares of Monster Beverage by 34.6% in the third quarter. Catalyst Capital Advisors LLC now owns 774 shares of the company’s stock valued at $41,000 after purchasing an additional 199 shares in the last quarter. PFG Investments LLC lifted its holdings in shares of Monster Beverage by 2.6% in the fourth quarter. PFG Investments LLC now owns 7,761 shares of the company’s stock valued at $447,000 after purchasing an additional 199 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Monster Beverage by 5.1% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 4,317 shares of the company’s stock valued at $256,000 after purchasing an additional 209 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors.

About Monster Beverage

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Monster Beverage (NASDAQ:MNST)

Receive News & Ratings for Monster Beverage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage and related companies with MarketBeat.com's FREE daily email newsletter.