Monster Beverage Co. (NASDAQ:MNST - Get Free Report) CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $55.27, for a total transaction of $552,700.00. Following the completion of the sale, the chief financial officer now directly owns 72,273 shares in the company, valued at approximately $3,994,528.71. This represents a 12.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Monster Beverage Stock Up 0.8 %
Monster Beverage stock traded up $0.44 during trading hours on Friday, reaching $57.31. The stock had a trading volume of 7,642,762 shares, compared to its average volume of 6,708,976. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $60.13. The company has a market cap of $55.77 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 2.28 and a beta of 0.71. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The business's 50 day moving average price is $51.36 and its 200-day moving average price is $52.06.
Monster Beverage (NASDAQ:MNST - Get Free Report) last posted 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). Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. Sell-side analysts anticipate that Monster Beverage Co. will post 1.62 EPS for the current year.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $59.00 price objective on shares of Monster Beverage in a research report on Wednesday, January 22nd. Morgan Stanley boosted their price objective on Monster Beverage from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Friday, February 28th. BNP Paribas reduced their target price on Monster Beverage from $46.00 to $45.00 and set an "underperform" rating on the stock in a research note on Thursday, December 19th. UBS Group boosted their target price on shares of Monster Beverage from $53.00 to $57.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Monster Beverage in a research note on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $55.83.
Check Out Our Latest Analysis on Monster Beverage
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Monster Beverage by 62.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock worth $28,000 after acquiring an additional 203 shares during the last quarter. Spire Wealth Management purchased a new stake in Monster Beverage during the 4th quarter worth approximately $29,000. Retirement Wealth Solutions LLC acquired a new position in Monster Beverage during the 4th quarter valued at approximately $30,000. SBI Securities Co. Ltd. purchased a new position in shares of Monster Beverage in the fourth quarter worth $31,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Monster Beverage during the fourth quarter worth $33,000. 72.36% of the stock is currently owned by hedge funds and other institutional investors.
About Monster Beverage
(
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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.
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