Insider Selling: Monster Beverage Co. (NASDAQ:MNST) CEO Sells 42,144 Shares of Stock

Monster Beverage Co. (NASDAQ:MNST) CEO Hilton H. Schlosberg sold 42,144 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $53.00, for a total transaction of $2,233,632.00. Following the transaction, the chief executive officer now directly owns 1,875,558 shares of the company’s stock, valued at approximately $99,404,574. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Monster Beverage Trading Down 1.4 %

Shares of Monster Beverage stock opened at $48.03 on Friday. The company’s 50-day moving average price is $53.27 and its two-hundred day moving average price is $55.67. Monster Beverage Co. has a 52 week low of $47.13 and a 52 week high of $61.22. The stock has a market cap of $50.03 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 1.84 and a beta of 0.76.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.90 billion. Monster Beverage had a return on equity of 20.74% and a net margin of 22.83%. Monster Beverage’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS. On average, equities analysts predict that Monster Beverage Co. will post 1.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MNST shares. Piper Sandler boosted their price target on shares of Monster Beverage from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. BMO Capital Markets reduced their price target on shares of Monster Beverage from $58.00 to $56.00 and set a “market perform” rating for the company in a report on Friday, May 3rd. Jefferies Financial Group boosted their price target on shares of Monster Beverage from $66.00 to $69.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Redburn Atlantic began coverage on shares of Monster Beverage in a report on Wednesday, March 6th. They issued a “buy” rating for the company. Finally, Morgan Stanley reduced their price objective on shares of Monster Beverage from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Friday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.11.

Institutional Trading of Monster Beverage

Several institutional investors and hedge funds have recently bought and sold shares of MNST. LRI Investments LLC acquired a new stake in Monster Beverage during the 1st quarter worth about $26,000. ICA Group Wealth Management LLC acquired a new stake in Monster Beverage during the 4th quarter worth about $27,000. Headinvest LLC acquired a new stake in Monster Beverage during the 3rd quarter worth about $28,000. Tortoise Investment Management LLC raised its holdings in Monster Beverage by 360.0% during the 4th quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock worth $29,000 after buying an additional 396 shares during the period. Finally, Crewe Advisors LLC acquired a new stake in Monster Beverage during the 1st quarter worth about $37,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

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.