Monster Beverage Co. (NASDAQ:MNST) Insider Emelie Tirre Sells 91,316 Shares

Monster Beverage Co. (NASDAQ:MNST - Get Free Report) insider Emelie Tirre sold 91,316 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the completion of the sale, the insider now owns 76,201 shares in the company, valued at $4,220,011.38. This represents a 54.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Monster Beverage Trading Down 1.1 %

Shares of MNST traded down $0.62 during trading hours on Friday, hitting $55.07. The company had a trading volume of 6,355,459 shares, compared to its average volume of 6,722,329. The firm has a market cap of $53.59 billion, a P/E ratio of 35.30, a P/E/G ratio of 2.28 and a beta of 0.71. The stock's 50 day moving average price is $50.55 and its 200 day moving average price is $51.51. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.02). The company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.80 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. On average, research analysts predict that Monster Beverage Co. will post 1.62 EPS for the current year.

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Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MNST. Dogwood Wealth Management LLC increased its holdings in Monster Beverage by 1.8% during the 4th quarter. Dogwood Wealth Management LLC now owns 13,323 shares of the company's stock valued at $700,000 after purchasing an additional 233 shares during the period. Siemens Fonds Invest GmbH increased its holdings in Monster Beverage by 50.3% during the 4th quarter. Siemens Fonds Invest GmbH now owns 43,340 shares of the company's stock valued at $2,278,000 after purchasing an additional 14,510 shares during the period. Cim LLC increased its holdings in Monster Beverage by 0.7% during the 4th quarter. Cim LLC now owns 306,151 shares of the company's stock valued at $16,091,000 after purchasing an additional 1,983 shares during the period. Park Square Financial Group LLC purchased a new position in Monster Beverage during the 4th quarter valued at about $36,000. Finally, Menard Financial Group LLC purchased a new position in Monster Beverage during the 4th quarter valued at about $101,000. Hedge funds and other institutional investors own 72.36% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MNST shares. Argus raised their price target on Monster Beverage from $55.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. UBS Group lifted their target price on shares of Monster Beverage from $53.00 to $57.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Monster Beverage from $60.00 to $61.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Citigroup lifted their price objective on shares of Monster Beverage from $62.00 to $64.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Finally, TD Cowen increased their target price on Monster Beverage from $50.00 to $55.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Monster Beverage has an average rating of "Hold" and an average target price of $55.83.

About Monster Beverage

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.