Monster Beverage Co. (NASDAQ:MNST) Director Sells $654,000.00 in Stock

Monster Beverage Co. (NASDAQ:MNST) Director Mark J. Hall sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $54.50, for a total value of $654,000.00. Following the completion of the sale, the director now owns 296,846 shares of the company’s stock, valued at $16,178,107. This trade represents a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Monster Beverage Trading Up 1.0 %

Shares of Monster Beverage stock opened at $56.80 on Wednesday. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The firm has a market cap of $55.28 billion, a price-to-earnings ratio of 36.41, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71. The business has a fifty day simple moving average of $50.99 and a 200-day simple moving average of $51.92. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.03.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.02). The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.80 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. On average, equities analysts forecast that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

Institutional Trading of Monster Beverage

Several institutional investors have recently modified their holdings of the company. KBC Group NV lifted its holdings in shares of Monster Beverage by 2.4% during the third quarter. KBC Group NV now owns 197,555 shares of the company’s stock valued at $10,307,000 after purchasing an additional 4,651 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Monster Beverage by 1.3% during the third quarter. CIBC Asset Management Inc now owns 273,708 shares of the company’s stock valued at $14,279,000 after purchasing an additional 3,525 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Monster Beverage by 4.8% during the third quarter. Empowered Funds LLC now owns 24,921 shares of the company’s stock valued at $1,300,000 after purchasing an additional 1,137 shares during the last quarter. Sather Financial Group Inc lifted its holdings in shares of Monster Beverage by 4.7% during the third quarter. Sather Financial Group Inc now owns 1,056,353 shares of the company’s stock valued at $55,110,000 after purchasing an additional 46,990 shares during the last quarter. Finally, Atlanta Consulting Group Advisors LLC purchased a new stake in shares of Monster Beverage during the third quarter valued at $589,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MNST. Morgan Stanley boosted their price target on Monster Beverage from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, February 28th. UBS Group boosted their price target on Monster Beverage from $53.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. BNP Paribas lowered their price target on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a report on Thursday, December 19th. Citigroup upped their price objective on Monster Beverage from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $59.00 price objective on shares of Monster Beverage in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $55.83.

Monster Beverage Company 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.