Monster Beverage Corp (NASDAQ:MNST) Director Harold C. Taber, Jr. sold 9,000 shares of the firm’s stock in a transaction on Thursday, December 13th. The stock was sold at an average price of $54.55, for a total value of $490,950.00. Following the completion of the sale, the director now directly owns 77,238 shares of the company’s stock, valued at approximately $4,213,332.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

MNST opened at $52.69 on Friday. The firm has a market cap of $29.14 billion, a P/E ratio of 36.09, a PEG ratio of 1.86 and a beta of 1.39. Monster Beverage Corp has a 1 year low of $47.61 and a 1 year high of $70.21.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $988.73 million. Monster Beverage had a return on equity of 25.47% and a net margin of 25.86%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 earnings per share. Equities analysts forecast that Monster Beverage Corp will post 1.77 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MNST. BlackRock Inc. lifted its position in shares of Monster Beverage by 1.2% in the third quarter. BlackRock Inc. now owns 24,111,145 shares of the company’s stock worth $1,405,199,000 after buying an additional 279,364 shares during the last quarter. Loomis Sayles & Co. L P lifted its position in shares of Monster Beverage by 1.5% in the third quarter. Loomis Sayles & Co. L P now owns 24,002,010 shares of the company’s stock worth $1,398,837,000 after buying an additional 347,332 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Monster Beverage by 47.2% in the third quarter. Alliancebernstein L.P. now owns 12,359,240 shares of the company’s stock worth $720,297,000 after buying an additional 3,961,104 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of Monster Beverage by 24.4% in the second quarter. Voya Investment Management LLC now owns 5,468,514 shares of the company’s stock worth $313,346,000 after buying an additional 1,071,066 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Monster Beverage by 2.5% in the second quarter. Northern Trust Corp now owns 4,991,954 shares of the company’s stock worth $286,039,000 after buying an additional 121,766 shares during the last quarter. 64.23% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently commented on MNST. Zacks Investment Research cut Monster Beverage from a “buy” rating to a “hold” rating in a research report on Monday, October 15th. JPMorgan Chase & Co. decreased their target price on Monster Beverage from $64.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, October 24th. Guggenheim began coverage on Monster Beverage in a research report on Thursday, September 13th. They issued a “buy” rating and a $72.00 target price for the company. Goldman Sachs Group raised Monster Beverage from a “buy” rating to a “conviction-buy” rating in a research report on Friday, November 9th. Finally, BidaskClub cut Monster Beverage from a “buy” rating to a “hold” rating in a research report on Friday, August 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $62.47.

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Monster Beverage Company Profile

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages, soda, and its concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged drinks, non-carbonated dairy based coffee and energy drinks, and non-carbonated energy shakes primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations; and ready-to-drink packaged energy drinks to bottlers and full service beverage distributors.

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

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