Emelie Tirre Sells 91,316 Shares of Monster Beverage Co. (NASDAQ:MNST) Stock

Monster Beverage Co. (NASDAQ:MNST) insider Emelie Tirre sold 91,316 shares of Monster Beverage stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the completion of the sale, the insider now directly owns 76,201 shares in the company, valued at approximately $4,220,011.38. The trade was a 54.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Monster Beverage Trading Down 1.1 %

Shares of Monster Beverage stock opened at $55.07 on Friday. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The business has a 50 day moving average price of $50.55 and a 200 day moving average price of $51.44. The company has a market capitalization of $53.56 billion, a P/E ratio of 35.30, a P/E/G ratio of 2.28 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.38 earnings per share 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 during the quarter, compared to analyst estimates of $1.80 billion. Sell-side analysts anticipate that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Monster Beverage by 62.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock worth $28,000 after buying an additional 203 shares in the last quarter. Spire Wealth Management acquired a new stake in Monster Beverage during the fourth quarter worth approximately $29,000. SBI Securities Co. Ltd. purchased a new stake in Monster Beverage in the 4th quarter worth approximately $31,000. Retirement Wealth Solutions LLC acquired a new position in Monster Beverage in the 4th quarter valued at $30,000. Finally, Geneos Wealth Management Inc. purchased a new position in shares of Monster Beverage during the 4th quarter worth $33,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MNST shares. Stifel Nicolaus raised their price objective on shares of Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 8th. UBS Group raised their price target on Monster Beverage from $53.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Citigroup upped their price objective on Monster Beverage from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, February 28th. JPMorgan Chase & Co. increased their price objective on Monster Beverage from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, February 28th. Finally, Needham & Company LLC restated a “hold” rating on shares of Monster Beverage in a research report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.83.

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.