Key Points
- Director Rodney Sacks sold 206,543 shares of Monster Beverage on December 12 at an average price of $73.58, a transaction disclosed to the SEC and totaling about $15.2 million.
- Monster posted a strong quarter on November 6, beating estimates with $0.56 EPS vs. $0.48 expected and $2.20 billion in revenue (up 16.8% year-over-year), with a 21.65% net margin and 27.76% ROE.
- The stock is trading near its 52-week high (high $76.28) with a market cap around $73.6 billion, and Wall Street sentiment is generally positive—average rating "Moderate Buy" with a consensus target of $71.64 and multiple buy/outperform calls.
Monster Beverage Corporation (NASDAQ:MNST - Get Free Report) insider Emelie Tirre sold 30,000 shares of Monster Beverage stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $73.31, for a total transaction of $2,199,300.00. Following the completion of the transaction, the insider directly owned 63,939 shares in the company, valued at approximately $4,687,368.09. The trade was a 31.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Monster Beverage Stock Up 0.7%
NASDAQ:MNST opened at $75.34 on Wednesday. The stock has a market capitalization of $73.61 billion, a price-to-earnings ratio of 42.81, a PEG ratio of 2.25 and a beta of 0.48. Monster Beverage Corporation has a 52 week low of $45.70 and a 52 week high of $76.28. The firm has a 50 day moving average of $71.11 and a 200 day moving average of $65.75.
Monster Beverage (NASDAQ:MNST - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.08. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. Monster Beverage had a net margin of 21.65% and a return on equity of 27.76%. During the same period in the previous year, the company earned $0.41 earnings per share. The business's revenue for the quarter was up 16.8% on a year-over-year basis. As a group, analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current year.
Analyst Ratings Changes
Several brokerages recently issued reports on MNST. Bank of America upped their target price on Monster Beverage from $75.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, November 7th. Wall Street Zen upgraded Monster Beverage from a "hold" rating to a "buy" rating in a research note on Saturday, November 8th. The Goldman Sachs Group increased their price objective on shares of Monster Beverage from $80.00 to $83.00 and gave the company a "buy" rating in a research report on Wednesday, December 3rd. Jefferies Financial Group reiterated a "buy" rating and issued a $79.00 target price on shares of Monster Beverage in a research note on Tuesday, November 4th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $81.00 price target (up previously from $75.00) on shares of Monster Beverage in a research note on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Monster Beverage currently has an average rating of "Moderate Buy" and a consensus target price of $71.64.
View Our Latest Report on MNST
Institutional Investors Weigh In On Monster Beverage
A number of large investors have recently bought and sold shares of MNST. Norges Bank purchased a new stake in Monster Beverage in the second quarter valued at $544,584,000. Schroder Investment Management Group lifted its holdings in shares of Monster Beverage by 4,877.8% in the 2nd quarter. Schroder Investment Management Group now owns 7,283,879 shares of the company's stock valued at $456,262,000 after buying an additional 7,137,552 shares during the period. AQR Capital Management LLC boosted its stake in shares of Monster Beverage by 467.0% in the second quarter. AQR Capital Management LLC now owns 6,849,036 shares of the company's stock worth $422,996,000 after buying an additional 5,641,160 shares during the last quarter. State Street Corp boosted its stake in shares of Monster Beverage by 8.0% in the third quarter. State Street Corp now owns 37,719,091 shares of the company's stock worth $2,538,872,000 after buying an additional 2,789,273 shares during the last quarter. Finally, AustralianSuper Pty Ltd acquired a new stake in Monster Beverage during the second quarter worth about $157,063,000. Hedge funds and other institutional investors own 72.36% of the company's stock.
About Monster Beverage
(
Get Free Report)
Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.
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