Investors Sell Shares of Monster Beverage Corporation (MNST) on Strength (MNST)
Traders sold shares of Monster Beverage Corporation (NASDAQ:MNST) on strength during trading on Tuesday. $27.59 million flowed into the stock on the tick-up and $48.57 million flowed out of the stock on the tick-down, for a money net flow of $20.98 million out of the stock. Of all stocks tracked, Monster Beverage Corporation had the 0th highest net out-flow for the day. Monster Beverage Corporation traded up $0.43 for the day and closed at $62.63
Several analysts have issued reports on MNST shares. BidaskClub upgraded Monster Beverage Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Susquehanna Bancshares Inc restated a “hold” rating and issued a $42.00 price objective (down previously from $45.00) on shares of Monster Beverage Corporation in a research note on Monday, August 7th. Jefferies Group LLC upped their price objective on Monster Beverage Corporation from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Credit Suisse Group set a $61.00 price objective on Monster Beverage Corporation and gave the company an “outperform” rating in a research note on Wednesday, August 9th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $57.00 price objective on shares of Monster Beverage Corporation in a research note on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $58.68.
The company has a market cap of $35,078.52, a PE ratio of 42.31, a P/E/G ratio of 2.22 and a beta of 0.91.
Monster Beverage Corporation (NASDAQ:MNST) last posted its earnings results on Wednesday, November 8th. The company reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. Monster Beverage Corporation had a return on equity of 23.45% and a net margin of 23.92%. The company had revenue of $909.50 million for the quarter, compared to the consensus estimate of $903.82 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. sell-side analysts anticipate that Monster Beverage Corporation will post 1.48 earnings per share for the current fiscal year.
In related news, Director Sydney Selati sold 10,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $56.00, for a total transaction of $560,000.00. Following the sale, the director now owns 52,000 shares of the company’s stock, valued at $2,912,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 9.40% of the company’s stock.
A number of large investors have recently modified their holdings of MNST. Huntington National Bank grew its position in Monster Beverage Corporation by 42.2% during the second quarter. Huntington National Bank now owns 2,133 shares of the company’s stock worth $106,000 after buying an additional 633 shares in the last quarter. Commonwealth Bank of Australia grew its position in Monster Beverage Corporation by 11.0% during the second quarter. Commonwealth Bank of Australia now owns 2,346 shares of the company’s stock worth $116,000 after buying an additional 232 shares in the last quarter. Liberty Capital Management Inc. grew its position in Monster Beverage Corporation by 2,028.0% during the third quarter. Liberty Capital Management Inc. now owns 2,128 shares of the company’s stock worth $120,000 after buying an additional 2,028 shares in the last quarter. Sun Life Financial INC grew its position in Monster Beverage Corporation by 29,250.0% during the second quarter. Sun Life Financial INC now owns 2,935 shares of the company’s stock worth $146,000 after buying an additional 2,925 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in Monster Beverage Corporation by 397.6% during the third quarter. Bessemer Group Inc. now owns 2,682 shares of the company’s stock worth $148,000 after buying an additional 2,143 shares in the last quarter. 65.82% of the stock is currently owned by institutional investors and hedge funds.
About Monster Beverage Corporation
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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