Monster Beverage (NASDAQ:MNST) Insider Emelie Tirre Sells 88,700 Shares

Monster Beverage Corporation (NASDAQ:MNST) insider Emelie Tirre sold 88,700 shares of Monster Beverage stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $85.96, for a total value of $7,624,652.00. Following the transaction, the insider directly owned 81,763 shares in the company, valued at approximately $7,028,347.48. The trade was a 52.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Emelie Tirre also recently made the following trade(s):

• On Thursday, May 14th, Emelie Tirre sold 10,000 shares of Monster Beverage stock. The stock was sold at an average price of $85.74, for a total value of $857,400.00.

Monster Beverage Stock Up 1.5%

Monster Beverage stock traded up $1.27 during mid-day trading on Friday, hitting $87.09. The company’s stock had a trading volume of 6,147,721 shares, compared to its average volume of 5,841,254. The stock has a market capitalization of $85.17 billion, a P/E ratio of 42.07, a P/E/G ratio of 2.83 and a beta of 0.50. Monster Beverage Corporation has a twelve month low of $58.09 and a twelve month high of $88.77. The stock’s fifty day moving average price is $76.38 and its two-hundred day moving average price is $76.52.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Monster Beverage had a return on equity of 26.86% and a net margin of 23.11%.The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. Equities analysts expect that Monster Beverage Corporation will post 2.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MNST shares. TD Cowen cut their target price on Monster Beverage from $88.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, April 20th. Citigroup boosted their target price on Monster Beverage from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. UBS Group reaffirmed a “neutral” rating and set a $84.00 target price (up from $80.00) on shares of Monster Beverage in a research report on Friday, May 8th. Stifel Nicolaus cut their target price on Monster Beverage from $92.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Finally, Royal Bank Of Canada boosted their target price on Monster Beverage from $86.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $88.37.

Institutional Trading of Monster Beverage

Hedge funds have recently made changes to their positions in the stock. CI Investments Inc. grew its position in Monster Beverage by 3.5% during the first quarter. CI Investments Inc. now owns 3,497 shares of the company’s stock valued at $253,000 after purchasing an additional 119 shares in the last quarter. Capital Advisory Group Advisory Services LLC lifted its position in Monster Beverage by 2.8% in the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 4,841 shares of the company’s stock worth $371,000 after buying an additional 133 shares in the last quarter. Williams Jones Wealth Management LLC. lifted its position in Monster Beverage by 2.2% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 6,134 shares of the company’s stock worth $470,000 after buying an additional 134 shares in the last quarter. Root Financial Partners LLC boosted its stake in shares of Monster Beverage by 2.8% during the 1st quarter. Root Financial Partners LLC now owns 4,981 shares of the company’s stock valued at $361,000 after buying an additional 137 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in shares of Monster Beverage by 3.6% during the 4th quarter. D.A. Davidson & CO. now owns 4,071 shares of the company’s stock valued at $312,000 after buying an additional 141 shares during the period. 72.36% of the stock is owned by hedge funds and other institutional investors.

About Monster Beverage

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.