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.

Insider Buying and Selling by Quarter for Monster Beverage (NASDAQ:MNST)

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