Monster Beverage Co. (NASDAQ:MNST) Chairman Rodney C. Sacks sold 189,861 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $63.92, for a total transaction of $12,135,915.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Monster Beverage Co. (NASDAQ:MNST) opened at $63.77 on Friday. The company has a market cap of $36,071.09, a PE ratio of 46.21, a price-to-earnings-growth ratio of 1.88 and a beta of 0.94. Monster Beverage Co. has a 52 week low of $41.02 and a 52 week high of $66.16.
Monster Beverage (NASDAQ:MNST) last released its earnings results on Wednesday, November 8th. The company reported $0.40 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. The firm had revenue of $909.50 million for the quarter, compared to analysts’ expectations of $903.82 million. Monster Beverage had a net margin of 23.92% and a return on equity of 23.45%. Monster Beverage’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the company earned $0.34 EPS. research analysts anticipate that Monster Beverage Co. will post 1.48 earnings per share for the current year.
A number of research firms recently weighed in on MNST. Macquarie increased their price objective on shares of Monster Beverage from $65.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, December 21st. BidaskClub cut shares of Monster Beverage from a “buy” rating to a “hold” rating in a report on Saturday. 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 objective on the stock. Credit Suisse Group cut shares of Monster Beverage to a “hold” rating and set a $69.00 price objective on the stock. in a report on Thursday, January 4th. Finally, Wells Fargo & Co increased their price objective on shares of Monster Beverage from $54.00 to $60.00 and gave the stock a “market perform” rating in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Monster Beverage presently has a consensus rating of “Buy” and an average price target of $60.99.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Monster Beverage by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 28,432,909 shares of the company’s stock worth $1,412,547,000 after purchasing an additional 771,913 shares during the last quarter. BlackRock Inc. grew its stake in shares of Monster Beverage by 1.7% in the 2nd quarter. BlackRock Inc. now owns 21,937,361 shares of the company’s stock worth $1,089,848,000 after purchasing an additional 376,666 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Monster Beverage by 0.6% in the 3rd quarter. Jennison Associates LLC now owns 12,053,475 shares of the company’s stock worth $665,955,000 after purchasing an additional 68,041 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Monster Beverage by 7.5% in the 2nd quarter. Alliancebernstein L.P. now owns 6,679,727 shares of the company’s stock worth $331,849,000 after purchasing an additional 463,345 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Monster Beverage by 19.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,132,325 shares of the company’s stock worth $338,810,000 after purchasing an additional 1,008,607 shares during the last quarter. 65.62% of the stock is currently owned by institutional investors.
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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.
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