Monster Beverage (NASDAQ:MNST) Insider Emelie Tirre Sells 88,700 Shares of Stock

Monster Beverage Corporation (NASDAQ:MNST) insider Emelie Tirre sold 88,700 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $85.96, for a total value of $7,624,652.00. Following the transaction, the insider owned 81,763 shares in the company, valued at approximately $7,028,347.48. This trade represents a 52.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Emelie Tirre also recently made the following trade(s):

• On Thursday, May 14th, Emelie Tirre sold 10,000 shares of Monster Beverage stock. The shares were sold at an average price of $85.74, for a total value of $857,400.00.

Monster Beverage Price Performance

NASDAQ MNST opened at $87.09 on Friday. Monster Beverage Corporation has a fifty-two week low of $58.09 and a fifty-two week high of $88.77. The stock’s 50-day moving average is $76.55 and its two-hundred day moving average is $76.59. The firm has a market cap of $85.17 billion, a P/E ratio of 42.07, a price-to-earnings-growth ratio of 2.82 and a beta of 0.50.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.16 billion. Monster Beverage had a return on equity of 26.86% and a net margin of 23.11%.The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share. On average, equities analysts expect that Monster Beverage Corporation will post 2.31 EPS for the current year.

Monster Beverage declared that its board has approved a share repurchase program on Friday, May 15th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 0.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Physician Wealth Advisors Inc. lifted its holdings in Monster Beverage by 508.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock worth $25,000 after buying an additional 315 shares in the last quarter. Harbor Investment Advisory LLC lifted its holdings in Monster Beverage by 136.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock worth $27,000 after buying an additional 205 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in Monster Beverage by 1,338.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after buying an additional 415 shares in the last quarter. First Horizon Corp acquired a new position in Monster Beverage during the 3rd quarter worth $29,000. Finally, MV Capital Management Inc. acquired a new position in Monster Beverage during the 4th quarter worth $30,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MNST. Argus lifted their price objective on Monster Beverage from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. UBS Group reissued a “neutral” rating and set a $84.00 price objective (up from $80.00) on shares of Monster Beverage in a report on Friday, May 8th. Citigroup lifted their price objective on Monster Beverage from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Piper Sandler lifted their price objective on Monster Beverage from $85.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Monster Beverage from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $88.37.

About Monster Beverage

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.