Emelie Tirre Sells 37,839 Shares of Monster Beverage Co. (NASDAQ:MNST) Stock

Monster Beverage Co. (NASDAQ:MNST – Get Rating) insider Emelie Tirre sold 37,839 shares of the stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $103.03, for a total value of $3,898,552.17. Following the completion of the transaction, the insider now owns 23,201 shares in the company, valued at approximately $2,390,399.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Monster Beverage Price Performance

NASDAQ:MNST opened at $100.17 on Friday. The business has a fifty day simple moving average of $102.28 and a two-hundred day simple moving average of $97.27. Monster Beverage Co. has a 1 year low of $73.09 and a 1 year high of $105.45. The company has a market capitalization of $52.33 billion, a P/E ratio of 44.92, a P/E/G ratio of 1.51 and a beta of 0.87.

Shares of Monster Beverage are set to split on Tuesday, March 28th. The 2-1 split was announced on Tuesday, February 28th. The newly minted shares will be issued to shareholders after the closing bell on Monday, March 27th.

Monster Beverage (NASDAQ:MNST – Get Rating) last released its earnings results on Tuesday, February 28th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.04). Monster Beverage had a return on equity of 17.32% and a net margin of 18.88%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the prior year, the business earned $0.60 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, analysts anticipate that Monster Beverage Co. will post 2.99 earnings per share for the current year.

Institutional Trading of Monster Beverage

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Monster Beverage by 2.1% in the third quarter. Vanguard Group Inc. now owns 31,046,106 shares of the company’s stock worth $2,699,769,000 after acquiring an additional 636,725 shares during the period. FMR LLC boosted its holdings in shares of Monster Beverage by 6.4% in the second quarter. FMR LLC now owns 27,494,943 shares of the company’s stock worth $2,548,782,000 after acquiring an additional 1,654,974 shares during the period. BlackRock Inc. boosted its holdings in shares of Monster Beverage by 1.6% in the third quarter. BlackRock Inc. now owns 25,358,617 shares of the company’s stock worth $2,205,186,000 after acquiring an additional 393,798 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Monster Beverage by 17.8% in the third quarter. Alliancebernstein L.P. now owns 20,190,237 shares of the company’s stock worth $1,755,743,000 after acquiring an additional 3,054,345 shares during the period. Finally, State Street Corp boosted its holdings in shares of Monster Beverage by 2.4% in the first quarter. State Street Corp now owns 17,029,815 shares of the company’s stock worth $1,360,682,000 after acquiring an additional 391,417 shares during the period. 75.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price target on Monster Beverage from $105.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, December 6th. Wells Fargo & Company lowered their price objective on Monster Beverage from $115.00 to $113.00 and set an “overweight” rating for the company in a research note on Wednesday, March 1st. Cfra downgraded Monster Beverage from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $110.00 to $100.00 in a research note on Wednesday, March 1st. Truist Financial increased their price objective on Monster Beverage from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, March 1st. Finally, Redburn Partners raised Monster Beverage from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Monday, March 6th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $110.28.

Monster Beverage Company Profile

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Monster Beverage Corp. is a holding company, which engages in the development, marketing, sale, and distribution of energy drink beverages and concentrates. It operates through the following segments: Monster Energy Drinks, Strategic Brands, and Other. The Monster Energy Drinks segment sells ready-to-drink packaged energy drinks to bottlers and full-service beverage distributors.