Emelie Tirre Sells 10,000 Shares of Monster Beverage (NASDAQ:MNST) Stock

Monster Beverage Corporation (NASDAQ:MNST) insider Emelie Tirre sold 10,000 shares of Monster Beverage stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $85.74, for a total transaction of $857,400.00. Following the completion of the transaction, the insider owned 71,763 shares of the company’s stock, valued at $6,152,959.62. This represents a 12.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Emelie Tirre also recently made the following trade(s):

• On Wednesday, May 13th, Emelie Tirre sold 88,700 shares of Monster Beverage stock. The stock was sold at an average price of $85.96, for a total transaction of $7,624,652.00.

Monster Beverage Price Performance

Shares of NASDAQ:MNST traded up $1.27 during trading on Friday, hitting $87.09. 6,147,721 shares of the company were exchanged, compared to its average volume of 5,841,254. The firm’s 50 day moving average price is $76.38 and its 200-day moving average price is $76.52. The stock has a market capitalization of $85.17 billion, a P/E ratio of 42.07, a PEG ratio of 2.83 and a beta of 0.50. Monster Beverage Corporation has a 12-month low of $58.09 and a 12-month high of $88.77.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Monster Beverage had a net margin of 23.11% and a return on equity of 26.86%. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the previous year, the company earned $0.47 earnings per share. Monster Beverage’s quarterly revenue was up 22.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Monster Beverage Corporation will post 2.31 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MNST. Rothschild & Co Redburn raised Monster Beverage from a “neutral” rating to a “buy” rating and boosted their target price for the company from $76.00 to $90.00 in a report on Wednesday, May 6th. Argus boosted their target price on Monster Beverage from $95.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Royal Bank Of Canada boosted their target price on Monster Beverage from $86.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Citigroup boosted their price objective on Monster Beverage from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Finally, UBS Group reissued a “neutral” rating and issued a $84.00 price objective (up from $80.00) on shares of Monster Beverage in a report on Friday, May 8th. Fourteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.37.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MNST. Physician Wealth Advisors Inc. increased its stake in Monster Beverage by 508.1% in the third quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock valued at $25,000 after purchasing an additional 315 shares during the period. Harbor Investment Advisory LLC increased its stake in Monster Beverage by 136.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock valued at $27,000 after purchasing an additional 205 shares during the period. Newbridge Financial Services Group Inc. increased its stake in Monster Beverage by 1,338.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock valued at $28,000 after purchasing an additional 415 shares during the period. First Horizon Corp acquired a new position in Monster Beverage in the third quarter valued at $29,000. Finally, MV Capital Management Inc. acquired a new position in Monster Beverage in the fourth quarter valued at $30,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

About Monster Beverage

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.