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

by · The Cerbat Gem

Monster Beverage Corporation (NASDAQ:MNST – Get Free Report) insider Emelie Tirre sold 30,000 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 63,939 shares of the company’s stock, valued at $4,687,368.09. The trade was a 31.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Monster Beverage Stock Up 0.7%

Monster Beverage stock traded up $0.49 during trading hours on Tuesday, hitting $75.34. 5,052,471 shares of the company traded hands, compared to its average volume of 5,896,610. Monster Beverage Corporation has a 1-year low of $45.70 and a 1-year high of $76.28. The firm has a market cap of $73.61 billion, a P/E ratio of 42.81, a P/E/G ratio of 2.23 and a beta of 0.48. The firm’s 50-day simple moving average is $70.96 and its two-hundred day simple moving average is $65.67.

Monster Beverage (NASDAQ:MNST – Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. Monster Beverage had a net margin of 21.65% and a return on equity of 27.76%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the business earned $0.41 earnings per share. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, equities research analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MNST. Weiss Ratings restated a “buy (b-)” rating on shares of Monster Beverage in a report on Monday, December 8th. Evercore ISI upped their price target on shares of Monster Beverage from $72.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Royal Bank Of Canada restated an “outperform” rating and set a $81.00 price objective (up previously from $75.00) on shares of Monster Beverage in a research report on Monday, December 1st. Citigroup reiterated a “buy” rating and issued a $79.00 target price (up from $76.00) on shares of Monster Beverage in a report on Thursday, October 9th. Finally, BMO Capital Markets restated a “market perform” rating and set a $73.00 target price (up from $53.00) on shares of Monster Beverage in a report on Wednesday, December 3rd. Two 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.64.

View Our Latest Analysis on MNST

Institutional Investors Weigh In On Monster Beverage

Large investors have recently made changes to their positions in the company. waypoint wealth counsel acquired a new stake in Monster Beverage during the 2nd quarter valued at $314,000. Prudential PLC boosted its position in shares of Monster Beverage by 76.4% in the second quarter. Prudential PLC now owns 108,930 shares of the company’s stock worth $6,823,000 after buying an additional 47,165 shares during the period. VestGen Advisors LLC grew its holdings in shares of Monster Beverage by 449.4% during the second quarter. VestGen Advisors LLC now owns 21,974 shares of the company’s stock valued at $1,376,000 after buying an additional 17,974 shares in the last quarter. Swiss National Bank raised its position in Monster Beverage by 7.4% during the second quarter. Swiss National Bank now owns 2,209,500 shares of the company’s stock valued at $138,403,000 after buying an additional 152,300 shares during the period. Finally, OMNI 360 Wealth Inc. acquired a new position in Monster Beverage during the second quarter valued at $365,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Company Profile

(Get Free Report)

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.

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