Monster Beverage Co. (NASDAQ:MNST) Vice Chairman Sells $902,322.99 in Stock

Monster Beverage Co. (NASDAQ:MNST) Vice Chairman Hilton H. Schlosberg sold 13,983 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $64.53, for a total value of $902,322.99. Following the transaction, the insider now owns 967,456 shares of the company’s stock, valued at $62,429,935.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Monster Beverage Co. (NASDAQ:MNST) traded up $2.51 during mid-day trading on Wednesday, reaching $67.07. The company’s stock had a trading volume of 3,910,000 shares, compared to its average volume of 1,960,000. Monster Beverage Co. has a twelve month low of $41.02 and a twelve month high of $67.24. The stock has a market capitalization of $36,410.00, a price-to-earnings ratio of 48.96, a price-to-earnings-growth ratio of 1.88 and a beta of 0.94.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Wednesday, November 8th. The company reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. Monster Beverage had a return on equity of 23.45% and a net margin of 23.92%. The business had revenue of $909.50 million for the quarter, compared to analyst estimates of $903.82 million. During the same quarter last year, the firm posted $0.34 earnings per share. The business’s revenue was up 15.4% compared to the same quarter last year. equities analysts forecast that Monster Beverage Co. will post 1.48 earnings per share for the current year.

MNST has been the subject of a number of research reports. Jefferies Group reiterated a “buy” rating and set a $64.00 target price on shares of Monster Beverage in a research report on Thursday, November 9th. BMO Capital Markets restated a “buy” rating and issued a $58.00 price target on shares of Monster Beverage in a research report on Thursday, November 2nd. Cowen restated a “buy” rating and issued a $58.00 price target on shares of Monster Beverage in a research report on Friday, October 27th. Citigroup set a $60.00 price target on Monster Beverage and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $57.00 price target on shares of Monster Beverage in a research report on Saturday, September 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $62.17.

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its stake in shares of Monster Beverage by 19.7% during the third quarter. Bank of New York Mellon Corp now owns 6,132,325 shares of the company’s stock valued at $338,810,000 after buying an additional 1,008,607 shares during the period. Vanguard Group Inc. increased its stake in shares of Monster Beverage by 2.8% during the second quarter. Vanguard Group Inc. now owns 28,432,909 shares of the company’s stock valued at $1,412,547,000 after buying an additional 771,913 shares during the period. Nationwide Fund Advisors increased its stake in shares of Monster Beverage by 186.2% during the second quarter. Nationwide Fund Advisors now owns 1,175,384 shares of the company’s stock valued at $58,393,000 after buying an additional 764,665 shares during the period. Alyeska Investment Group L.P. increased its stake in shares of Monster Beverage by 163.6% during the third quarter. Alyeska Investment Group L.P. now owns 1,173,475 shares of the company’s stock valued at $64,834,000 after buying an additional 728,295 shares during the period. Finally, WINTON GROUP Ltd increased its stake in shares of Monster Beverage by 239.0% during the third quarter. WINTON GROUP Ltd now owns 614,794 shares of the company’s stock valued at $33,967,000 after buying an additional 433,465 shares during the period. Institutional investors and hedge funds own 65.69% of the company’s stock.

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About Monster Beverage

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.

Insider Buying and Selling by Quarter for Monster Beverage (NASDAQ:MNST)

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