Monster Beverage Corp (NASDAQ:MNST) EVP Thomas J. Kelly sold 25,719 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $59.68, for a total value of $1,534,909.92. Following the transaction, the executive vice president now owns 35,370 shares in the company, valued at approximately $2,110,881.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of NASDAQ MNST traded up $0.33 during midday trading on Monday, hitting $60.60. The stock had a trading volume of 2,139,117 shares, compared to its average volume of 3,597,219. The company has a market cap of $32.41 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 1.90 and a beta of 1.55. Monster Beverage Corp has a 1 year low of $47.61 and a 1 year high of $66.38.
Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Wednesday, February 27th. The company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. Monster Beverage had a return on equity of 26.96% and a net margin of 26.08%. The firm had revenue of $924.23 million for the quarter, compared to the consensus estimate of $907.75 million. During the same quarter last year, the business posted $0.35 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. Research analysts forecast that Monster Beverage Corp will post 2.04 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Berman Capital Advisors LLC purchased a new position in Monster Beverage during the fourth quarter worth approximately $33,000. Executive Wealth Management LLC purchased a new position in Monster Beverage during the fourth quarter worth approximately $35,000. Baystate Wealth Management LLC lifted its position in Monster Beverage by 555.6% during the fourth quarter. Baystate Wealth Management LLC now owns 708 shares of the company’s stock worth $39,000 after buying an additional 600 shares in the last quarter. Financial Gravity Companies Inc. purchased a new position in Monster Beverage during the fourth quarter worth approximately $56,000. Finally, Rockland Trust Co. purchased a new position in Monster Beverage during the fourth quarter worth approximately $49,000. Hedge funds and other institutional investors own 64.18% of the company’s stock.
Several research firms have recently weighed in on MNST. UBS Group set a $48.00 target price on Monster Beverage and gave the company a “sell” rating in a research report on Friday, January 18th. ValuEngine upgraded Monster Beverage from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Zacks Investment Research downgraded Monster Beverage from a “buy” rating to a “hold” rating in a research report on Wednesday, December 5th. BidaskClub upgraded Monster Beverage from a “sell” rating to a “hold” rating in a research report on Saturday, January 12th. Finally, SunTrust Banks raised their target price on Monster Beverage to $70.00 and gave the company a “buy” rating in a research report on Thursday, February 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $63.88.
Monster Beverage Company Profile
Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages, soda, and its concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged drinks, non-carbonated dairy based coffee and energy drinks, and non-carbonated energy shakes primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations; and ready-to-drink packaged energy drinks to bottlers and full service beverage distributors.
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