Monster Beverage Co. (NASDAQ:MNST) Director Mark J. Hall Sells 48,000 Shares of Stock

Monster Beverage Co. (NASDAQ:MNST) Director Mark J. Hall sold 48,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $54.89, for a total transaction of $2,634,720.00. Following the transaction, the director now owns 296,846 shares in the company, valued at approximately $16,293,876.94. The trade was a 13.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Monster Beverage Price Performance

Shares of MNST stock opened at $54.40 on Thursday. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The firm’s 50 day moving average is $50.71 and its 200-day moving average is $51.65. The firm has a market capitalization of $52.94 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 2.28 and a beta of 0.71. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Thursday, February 27th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. Sell-side analysts forecast that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MNST shares. Citigroup boosted their price objective on shares of Monster Beverage from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Needham & Company LLC reiterated a “hold” rating on shares of Monster Beverage in a research report on Friday, February 28th. UBS Group lifted their target price on shares of Monster Beverage from $53.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Morgan Stanley lifted their target price on shares of Monster Beverage from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Monster Beverage from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $55.83.

Institutional Investors Weigh In On Monster Beverage

A number of institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp raised its stake in shares of Monster Beverage by 6.9% during the third quarter. State Street Corp now owns 33,742,390 shares of the company’s stock worth $1,760,341,000 after buying an additional 2,168,379 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Monster Beverage by 4.7% during the third quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock worth $1,416,048,000 after buying an additional 1,229,789 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Monster Beverage by 109.3% during the third quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock worth $1,176,913,000 after buying an additional 11,779,162 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Monster Beverage by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 17,112,000 shares of the company’s stock worth $897,012,000 after buying an additional 1,383,914 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Monster Beverage by 9.3% during the fourth quarter. Invesco Ltd. now owns 8,590,994 shares of the company’s stock worth $451,543,000 after buying an additional 734,406 shares during the last quarter. 72.36% of the stock is owned by 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.