Monster Beverage Co. (NASDAQ:MNST) CFO Sells $1,711,800.00 in Stock

Monster Beverage Co. (NASDAQ:MNST - Get Free Report) CFO Thomas J. Kelly sold 27,000 shares of Monster Beverage stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $63.40, for a total value of $1,711,800.00. Following the completion of the transaction, the chief financial officer now owns 69,273 shares in the company, valued at $4,391,908.20. The trade was a 28.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Monster Beverage Stock Performance

MNST traded down $0.03 during midday trading on Thursday, reaching $63.13. The company had a trading volume of 1,924,467 shares, compared to its average volume of 6,149,705. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The stock has a market cap of $61.57 billion, a PE ratio of 40.47, a P/E/G ratio of 2.28 and a beta of 0.63. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $64.45. The business has a 50-day moving average price of $60.23 and a two-hundred day moving average price of $55.07.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The firm had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.97 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. The company's quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 earnings per share. On average, sell-side analysts expect that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Monster Beverage from $60.00 to $64.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Wells Fargo & Company lifted their price objective on Monster Beverage from $65.00 to $67.00 and gave the company an "overweight" rating in a report on Monday, May 5th. The Goldman Sachs Group set a $67.00 price objective on Monster Beverage and gave the company a "buy" rating in a report on Friday, May 23rd. Roth Mkm lifted their price objective on Monster Beverage from $50.00 to $56.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. Finally, Truist Financial boosted their target price on Monster Beverage from $40.00 to $50.00 and gave the stock a "sell" rating in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.81.

Institutional Trading of Monster Beverage

A number of hedge funds and other institutional investors have recently bought and sold shares of MNST. Geneos Wealth Management Inc. bought a new position in shares of Monster Beverage in the 4th quarter worth $33,000. Foundations Investment Advisors LLC bought a new position in shares of Monster Beverage in the 4th quarter worth $209,000. Swedbank AB increased its holdings in shares of Monster Beverage by 25.2% in the 4th quarter. Swedbank AB now owns 152,419 shares of the company's stock worth $8,011,000 after buying an additional 30,688 shares during the last quarter. Caprock Group LLC increased its holdings in shares of Monster Beverage by 15.6% in the 4th quarter. Caprock Group LLC now owns 16,255 shares of the company's stock worth $854,000 after buying an additional 2,198 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its holdings in shares of Monster Beverage by 7.9% in the 4th quarter. Chicago Partners Investment Group LLC now owns 4,319 shares of the company's stock worth $223,000 after buying an additional 317 shares during the last quarter. Institutional investors own 72.36% of the company's stock.

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.