Emelie Tirre Sells 30,000 Shares of Monster Beverage (NASDAQ:MNST) Stock

Monster Beverage Corporation (NASDAQ:MNST) insider Emelie Tirre sold 30,000 shares of Monster Beverage stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $73.31, for a total transaction of $2,199,300.00. Following the completion of the transaction, the insider owned 63,939 shares of the company’s stock, valued at $4,687,368.09. This represents a 31.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Monster Beverage Trading Down 1.3%

Shares of NASDAQ:MNST opened at $74.33 on Thursday. Monster Beverage Corporation has a 52 week low of $45.70 and a 52 week high of $76.28. The company’s 50 day moving average is $71.22 and its two-hundred day moving average is $65.81. The company has a market cap of $72.62 billion, a PE ratio of 42.23, a P/E/G ratio of 2.26 and a beta of 0.48.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Monster Beverage had a net margin of 21.65% and a return on equity of 27.76%. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS. As a group, equities research analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on MNST. UBS Group upped their price objective on Monster Beverage from $72.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $81.00 price target (up from $75.00) on shares of Monster Beverage in a report on Monday, December 1st. Roth Capital reissued a “neutral” rating and set a $70.00 price objective on shares of Monster Beverage in a report on Wednesday, December 3rd. Wells Fargo & Company restated an “overweight” rating and set a $83.00 price objective (up previously from $75.00) on shares of Monster Beverage in a research report on Wednesday, December 3rd. Finally, Citigroup reaffirmed a “buy” rating and issued a $87.00 target price (up from $82.00) on shares of Monster Beverage in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Monster Beverage has a consensus rating of “Moderate Buy” and an average target price of $72.00.

Hedge Funds Weigh In On Monster Beverage

A number of hedge funds have recently modified their holdings of the business. Access Investment Management LLC purchased a new stake in Monster Beverage in the 2nd quarter valued at $25,000. 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. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Monster Beverage in the third quarter valued at about $27,000. Salomon & Ludwin LLC acquired a new stake in shares of Monster Beverage during the second quarter worth about $28,000. Finally, Newbridge Financial Services Group Inc. boosted its stake in shares of Monster Beverage by 1,338.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after buying an additional 415 shares during the period. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Monster Beverage Company Profile

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.