Monster Beverage Co. (NASDAQ:MNST - Get Free Report) insider Guy Carling sold 47,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $55.02, for a total value of $2,585,940.00. Following the completion of the transaction, the insider now directly owns 21,993 shares in the company, valued at approximately $1,210,054.86. This trade represents a 68.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Monster Beverage Stock Performance
MNST stock traded up $0.59 during midday trading on Tuesday, reaching $56.80. The stock had a trading volume of 5,476,802 shares, compared to its average volume of 6,673,100. The stock has a market cap of $55.28 billion, a PE ratio of 36.41, a P/E/G ratio of 2.28 and a beta of 0.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The firm has a fifty day simple moving average of $50.89 and a two-hundred day simple moving average of $51.85. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.21.
Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.02). The firm 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%. As a group, equities research analysts anticipate that Monster Beverage Co. will post 1.62 EPS for the current year.
Wall Street Analyst Weigh In
MNST has been the topic of several research analyst reports. Citigroup increased 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. UBS Group increased their target price on Monster Beverage from $53.00 to $57.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $59.00 target price on shares of Monster Beverage in a research report on Wednesday, January 22nd. Morgan Stanley increased their target price on Monster Beverage from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Monster Beverage from $60.00 to $61.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $55.83.
Check Out Our Latest Research Report on Monster Beverage
Hedge Funds Weigh In On Monster Beverage
A number of institutional investors have recently modified their holdings of MNST. Venturi Wealth Management LLC raised its stake in shares of Monster Beverage by 12.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,864 shares of the company's stock valued at $254,000 after buying an additional 552 shares during the last quarter. Pinnacle Financial Partners Inc raised its stake in shares of Monster Beverage by 6.9% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 5,318 shares of the company's stock valued at $277,000 after buying an additional 345 shares during the last quarter. KBC Group NV raised its stake in shares of Monster Beverage by 2.4% during the 3rd quarter. KBC Group NV now owns 197,555 shares of the company's stock valued at $10,307,000 after buying an additional 4,651 shares during the last quarter. Zions Bancorporation N.A. raised its stake in shares of Monster Beverage by 10.7% during the 3rd quarter. Zions Bancorporation N.A. now owns 64,868 shares of the company's stock valued at $3,384,000 after buying an additional 6,266 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of Monster Beverage by 1.3% during the 3rd quarter. CIBC Asset Management Inc now owns 273,708 shares of the company's stock valued at $14,279,000 after buying an additional 3,525 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company's stock.
Monster Beverage Company Profile
(
Get Free Report)
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.
Further Reading
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