Monster Beverage Co. (NASDAQ:MNST) CFO Thomas J. Kelly Sells 10,000 Shares of Stock

Monster Beverage Co. (NASDAQ:MNST) CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $55.27, for a total value of $552,700.00. Following the transaction, the chief financial officer now directly owns 72,273 shares of the company’s stock, valued at approximately $3,994,528.71. The trade was a 12.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Monster Beverage Stock Performance

MNST stock opened at $56.80 on Wednesday. The firm has a market cap of $55.28 billion, a PE ratio of 36.41, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $50.99 and a 200-day moving average price of $51.92. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.03.

Monster Beverage (NASDAQ:MNST) last issued its 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). The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. As a group, equities research analysts expect that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

MNST has been the subject of a number of research analyst reports. Citigroup upped their price objective on shares of Monster Beverage from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Morgan Stanley upped their price target on shares of Monster Beverage from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft raised their price objective on Monster Beverage from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday, February 28th. Needham & Company LLC reaffirmed a “hold” rating on shares of Monster Beverage in a report on Friday, February 28th. Finally, BNP Paribas cut their price target on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Monster Beverage currently has a consensus rating of “Hold” and a consensus price target 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.