Monster Beverage Corp. (MNST) Trading Down 0.9%
Monster Beverage Corp. (NASDAQ:MNST)’s share price was down 0.9% on Monday . The stock traded as low as $155.18 and last traded at $155.70, with a volume of 327,827 shares trading hands. The stock had previously closed at $157.04.
Several equities analysts have weighed in on MNST shares. Jefferies Group reiterated a “hold” rating on shares of Monster Beverage Corp. in a report on Monday, August 1st. Susquehanna reiterated a “hold” rating and issued a $132.00 target price on shares of Monster Beverage Corp. in a report on Wednesday, June 15th. Wells Fargo & Co. reiterated a “buy” rating on shares of Monster Beverage Corp. in a report on Wednesday, June 15th. Vetr upgraded shares of Monster Beverage Corp. from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a report on Monday, May 9th. Finally, Citigroup Inc. boosted their target price on shares of Monster Beverage Corp. from $170.00 to $199.00 and gave the company a “buy” rating in a report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $164.10.
The company’s 50 day moving average price is $159.57 and its 200 day moving average price is $145.13. The stock has a market cap of $29.68 billion and a P/E ratio of 48.67.
Monster Beverage Corp. (NASDAQ:MNST) last posted its earnings results on Thursday, August 4th. The company reported $0.99 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by $0.04. The business had revenue of $945.80 million for the quarter, compared to analysts’ expectations of $804.24 million. During the same period in the prior year, the business earned $0.79 EPS. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. On average, analysts anticipate that Monster Beverage Corp. will post $3.91 earnings per share for the current year.
In other news, Director Harold C. Taber, Jr. sold 5,000 shares of Monster Beverage Corp. stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $154.14, for a total transaction of $770,700.00. Following the completion of the sale, the director now directly owns 30,684 shares in the company, valued at $4,729,631.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Thomas J. Kelly sold 10,000 shares of Monster Beverage Corp. stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $159.66, for a total transaction of $1,596,600.00. Following the sale, the vice president now owns 5,717 shares of the company’s stock, valued at $912,776.22. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Monster Beverage Corp. stock. Employees Retirement System of Texas boosted its position in Monster Beverage Corp. (NASDAQ:MNST) by 21.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,900 shares of the company’s stock after buying an additional 1,900 shares during the period. Employees Retirement System of Texas’ holdings in Monster Beverage Corp. were worth $1,624,000 as of its most recent SEC filing.
Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.
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