Emelie Tirre Sells 91,316 Shares of Monster Beverage Co. (NASDAQ:MNST) Stock

Monster Beverage Co. (NASDAQ:MNST) insider Emelie Tirre sold 91,316 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the transaction, the insider now directly owns 76,201 shares in the company, valued at $4,220,011.38. This trade represents a 54.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Monster Beverage Stock Performance

MNST opened at $55.69 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The firm has a fifty day moving average price of $50.50 and a 200 day moving average price of $51.39. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The stock has a market cap of $54.16 billion, a P/E ratio of 35.70, a P/E/G ratio of 2.28 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.02). Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Equities research analysts anticipate that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Institutional Investors Weigh In On Monster Beverage

A number of large investors have recently modified their holdings of the business. Dogwood Wealth Management LLC grew its holdings in shares of Monster Beverage by 1.8% during the fourth quarter. Dogwood Wealth Management LLC now owns 13,323 shares of the company’s stock worth $700,000 after buying an additional 233 shares in the last quarter. Siemens Fonds Invest GmbH lifted its position in Monster Beverage by 50.3% in the fourth quarter. Siemens Fonds Invest GmbH now owns 43,340 shares of the company’s stock valued at $2,278,000 after buying an additional 14,510 shares during the last quarter. Cim LLC lifted its position in Monster Beverage by 0.7% in the fourth quarter. Cim LLC now owns 306,151 shares of the company’s stock valued at $16,091,000 after buying an additional 1,983 shares during the last quarter. Park Square Financial Group LLC acquired a new position in Monster Beverage in the fourth quarter valued at about $36,000. Finally, Menard Financial Group LLC acquired a new position in Monster Beverage in the fourth quarter valued at about $101,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

MNST has been the topic of a number of research reports. Argus raised their target price on shares of Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Stifel Nicolaus lifted their price objective on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Citigroup lifted their price objective on shares of Monster Beverage from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Monster Beverage from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $59.00 price objective on shares of Monster Beverage in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Monster Beverage currently has an average rating of “Hold” and a consensus price target of $55.83.

Monster Beverage Company Profile

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.