Monster Beverage Co. (NASDAQ:MNST) VP Thomas J. Kelly sold 15,000 shares of the company’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $58.31, for a total transaction of $874,650.00. Following the sale, the vice president now directly owns 9,651 shares of the company’s stock, valued at approximately $562,749.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Monster Beverage Co. (NASDAQ:MNST) opened at $58.64 on Friday. The company has a market capitalization of $33,213.87, a PE ratio of 39.89, a price-to-earnings-growth ratio of 1.78 and a beta of 1.14. Monster Beverage Co. has a 52 week low of $44.35 and a 52 week high of $70.21.
Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). Monster Beverage had a net margin of 24.36% and a return on equity of 22.54%. The firm had revenue of $810.40 million during the quarter, compared to analyst estimates of $841.25 million. During the same period in the prior year, the company earned $0.30 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. equities research analysts anticipate that Monster Beverage Co. will post 1.78 earnings per share for the current fiscal year.
Monster Beverage declared that its board has initiated a stock buyback plan on Thursday, March 1st that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
Several institutional investors have recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC increased its stake in shares of Monster Beverage by 26.1% in the fourth quarter. Valeo Financial Advisors LLC now owns 3,863 shares of the company’s stock valued at $244,000 after buying an additional 799 shares during the period. Wetherby Asset Management Inc. increased its stake in shares of Monster Beverage by 8.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 10,577 shares of the company’s stock valued at $669,000 after buying an additional 817 shares during the period. LS Investment Advisors LLC increased its stake in shares of Monster Beverage by 7.3% in the fourth quarter. LS Investment Advisors LLC now owns 12,012 shares of the company’s stock valued at $760,000 after buying an additional 822 shares during the period. Vident Investment Advisory LLC increased its stake in shares of Monster Beverage by 4.1% in the fourth quarter. Vident Investment Advisory LLC now owns 21,112 shares of the company’s stock valued at $1,336,000 after buying an additional 833 shares during the period. Finally, QS Investors LLC increased its stake in shares of Monster Beverage by 2.6% in the fourth quarter. QS Investors LLC now owns 33,356 shares of the company’s stock valued at $2,111,000 after buying an additional 843 shares during the period. 65.26% of the stock is owned by institutional investors.
Several research firms recently weighed in on MNST. BidaskClub raised shares of Monster Beverage from a “hold” rating to a “buy” rating in a research report on Thursday, January 25th. Susquehanna Bancshares reaffirmed a “sell” rating and set a $56.00 price objective on shares of Monster Beverage in a research report on Thursday, January 18th. BMO Capital Markets upped their price objective on shares of Monster Beverage to $71.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. Cowen reaffirmed a “buy” rating and set a $77.00 price objective on shares of Monster Beverage in a research report on Monday, January 22nd. Finally, Zacks Investment Research raised shares of Monster Beverage from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Friday, January 19th. One analyst has rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $65.29.
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Monster Beverage Company Profile
Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.
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