Monster Beverage Corp (NASDAQ:MNST) insider Emelie Tirre sold 17,000 shares of the stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $60.91, for a total value of $1,035,470.00. Following the transaction, the insider now directly owns 46,847 shares of the company’s stock, valued at $2,853,450.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NASDAQ MNST traded up $0.04 during midday trading on Tuesday, hitting $60.93. The company’s stock had a trading volume of 1,393,900 shares, compared to its average volume of 2,992,265. Monster Beverage Corp has a 12-month low of $47.61 and a 12-month high of $70.21. The company has a market cap of $33.64 billion, a price-to-earnings ratio of 41.73, a PEG ratio of 2.20 and a beta of 1.30.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. Monster Beverage had a return on equity of 24.39% and a net margin of 25.27%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the business posted $0.39 earnings per share. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. research analysts expect that Monster Beverage Corp will post 1.73 EPS for the current year.

Monster Beverage announced that its Board of Directors has authorized a stock repurchase program on Wednesday, May 30th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Several hedge funds and other institutional investors have recently modified their holdings of MNST. Janus Henderson Group PLC raised its holdings in shares of Monster Beverage by 414.7% in the second quarter. Janus Henderson Group PLC now owns 4,279,018 shares of the company’s stock worth $245,188,000 after buying an additional 3,447,585 shares during the period. Voya Investment Management LLC raised its holdings 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 period. Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of Monster Beverage in the second quarter worth approximately $56,494,000. Millennium Management LLC raised its holdings in shares of Monster Beverage by 133.5% in the second quarter. Millennium Management LLC now owns 1,099,631 shares of the company’s stock worth $63,009,000 after buying an additional 628,708 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Monster Beverage by 10.1% in the first quarter. JPMorgan Chase & Co. now owns 6,792,151 shares of the company’s stock worth $388,579,000 after buying an additional 623,336 shares during the period. Hedge funds and other institutional investors own 64.55% of the company’s stock.

MNST has been the topic of a number of recent research reports. Susquehanna Bancshares set a $45.00 price objective on Monster Beverage and gave the company a “sell” rating in a research report on Monday, May 7th. JPMorgan Chase & Co. downgraded Monster Beverage from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $67.00 to $52.00 in a research report on Wednesday, May 9th. Morgan Stanley decreased their price objective on Monster Beverage from $67.00 to $61.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 9th. Stifel Nicolaus set a $63.00 price objective on Monster Beverage and gave the company a “hold” rating in a research report on Wednesday, May 9th. Finally, Jefferies Financial Group decreased their price objective on Monster Beverage to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, May 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. Monster Beverage presently has an average rating of “Buy” and a consensus price target of $63.94.

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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