Insider Selling: Monster Beverage Co. (NASDAQ:MNST) CFO Sells 10,000 Shares of Stock

Monster Beverage Co. (NASDAQ:MNST) CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $52.65, for a total value of $526,500.00. Following the completion of the sale, the chief financial officer now owns 74,924 shares in the company, valued at approximately $3,944,748.60. The trade was a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Monster Beverage Stock Performance

Shares of NASDAQ MNST opened at $51.95 on Wednesday. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22. The business’s 50-day moving average price is $53.52 and its two-hundred day moving average price is $51.06. 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 company has a market capitalization of $50.52 billion, a P/E ratio of 33.30, a price-to-earnings-growth ratio of 2.49 and a beta of 0.74.

Hedge Funds Weigh In On Monster Beverage

A number of hedge funds have recently added to or reduced their stakes in the company. Stephens Consulting LLC acquired a new position in shares of Monster Beverage during the 2nd quarter worth $26,000. Kings Path Partners LLC acquired a new position in shares of Monster Beverage during the 2nd quarter valued at about $30,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Monster Beverage in the 2nd quarter valued at approximately $30,000. Quarry LP lifted its holdings in Monster Beverage by 152.0% in the 2nd quarter. Quarry LP now owns 824 shares of the company’s stock worth $41,000 after purchasing an additional 497 shares during the last quarter. Finally, Crewe Advisors LLC boosted its position in Monster Beverage by 37.5% during the second quarter. Crewe Advisors LLC now owns 850 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Needham & Company LLC started coverage on Monster Beverage in a research note on Friday, December 6th. They set a “hold” rating for the company. Wells Fargo & Company upped their price objective on shares of Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Stifel Nicolaus increased their price objective on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Bank of America raised their price target on shares of Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, TD Cowen increased their target price on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.45.

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.