Monster Beverage Co. (NASDAQ:MNST) Chairman Sells $12,135,915.12 in Stock

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.

Insider Buying and Selling by Quarter for Monster Beverage (NASDAQ:MNST)

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