Monster Beverage Co. (NASDAQ:MNST - Get Free Report) insider Guy Carling sold 47,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $55.02, for a total value of $2,585,940.00. Following the completion of the sale, the insider now directly owns 21,993 shares of the company's stock, valued at $1,210,054.86. The trade was a 68.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Monster Beverage Stock Up 1.4 %
MNST stock opened at $55.09 on Friday. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.21. The stock has a fifty day moving average of $50.80 and a 200-day moving average of $51.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The company has a market capitalization of $53.61 billion, a price-to-earnings ratio of 35.31, a PEG ratio of 2.28 and a beta of 0.71.
Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.38 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $1.80 billion. As a group, equities research analysts predict that Monster Beverage Co. will post 1.62 earnings per share for the current year.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Monster Beverage by 6.9% in the 3rd quarter. State Street Corp now owns 33,742,390 shares of the company's stock worth $1,760,341,000 after purchasing an additional 2,168,379 shares during the period. Loomis Sayles & Co. L P raised its holdings in shares of Monster Beverage by 4.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company's stock valued at $1,416,048,000 after acquiring an additional 1,229,789 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Monster Beverage by 109.3% in the 3rd quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company's stock valued at $1,176,913,000 after acquiring an additional 11,779,162 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Monster Beverage by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 17,112,000 shares of the company's stock valued at $897,012,000 after acquiring an additional 1,383,914 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Monster Beverage by 9.3% in the 4th quarter. Invesco Ltd. now owns 8,590,994 shares of the company's stock valued at $451,543,000 after acquiring an additional 734,406 shares in the last quarter. Institutional investors own 72.36% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently commented on MNST shares. BNP Paribas lowered their price target on Monster Beverage from $46.00 to $45.00 and set an "underperform" rating for the company in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft increased their price target on Monster Beverage from $60.00 to $61.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Citigroup raised their target price on Monster Beverage from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Needham & Company LLC reaffirmed a "hold" rating on shares of Monster Beverage in a research report on Friday, February 28th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $59.00 target price on shares of Monster Beverage in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $55.83.
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Monster Beverage Company Profile
(
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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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