Monster Beverage Co. (MNST) Vice Chairman Sells $902,322.99 in Stock
Monster Beverage Co. (NASDAQ:MNST) Vice Chairman Hilton H. Schlosberg sold 13,983 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $64.53, for a total transaction of $902,322.99. Following the completion of the transaction, the insider now owns 967,456 shares of the company’s stock, valued at approximately $62,429,935.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Monster Beverage Co. (NASDAQ:MNST) traded down $1.89 on Wednesday, reaching $63.59. 2,710,000 shares of the company traded hands, compared to its average volume of 1,930,000. Monster Beverage Co. has a fifty-two week low of $41.02 and a fifty-two week high of $66.16. The firm has a market capitalization of $36,930.00, a PE ratio of 46.42, a price-to-earnings-growth ratio of 1.98 and a beta of 0.94.
Monster Beverage (NASDAQ:MNST) last announced its earnings results on Wednesday, November 8th. The company reported $0.40 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. Monster Beverage had a net margin of 23.92% and a return on equity of 23.45%. The business had revenue of $909.50 million during the quarter, compared to analysts’ expectations of $903.82 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The firm’s revenue was up 15.4% on a year-over-year basis. equities research analysts forecast that Monster Beverage Co. will post 1.48 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in MNST. Federated Investors Inc. PA boosted its holdings in Monster Beverage by 11.3% during the second quarter. Federated Investors Inc. PA now owns 10,880 shares of the company’s stock worth $540,000 after purchasing an additional 1,105 shares during the last quarter. Fiduciary Trust Co. acquired a new position in Monster Beverage during the second quarter worth $212,000. Engineers Gate Manager LP acquired a new position in Monster Beverage during the second quarter worth $844,000. Commonwealth Bank of Australia boosted its holdings in Monster Beverage 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 purchasing an additional 232 shares during the last quarter. Finally, Eaton Vance Management boosted its holdings in Monster Beverage by 0.4% during the second quarter. Eaton Vance Management now owns 112,951 shares of the company’s stock worth $5,611,000 after purchasing an additional 478 shares during the last quarter. Institutional investors and hedge funds own 65.62% of the company’s stock.
Several research firms have recently weighed in on MNST. Citigroup set a $60.00 price target on shares of Monster Beverage and gave the company a “buy” rating in a report on Wednesday, October 18th. Deutsche Bank began coverage on shares of Monster Beverage in a report on Wednesday, December 13th. They issued a “hold” rating and a $66.00 price target for the company. Susquehanna Bancshares set a $51.00 price target on shares of Monster Beverage and gave the company a “sell” rating in a report on Monday, November 20th. Credit Suisse Group reduced their price target on shares of Monster Beverage from $64.00 to $62.00 and set an “outperform” rating for the company in a report on Thursday, November 9th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $57.00 price target on shares of Monster Beverage in a report on Saturday, September 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $60.99.
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Monster Beverage Company Profile
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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