Monster Beverage (NASDAQ:MNST) Director Mark Vidergauz Sells 10,000 Shares

Key Points

• Monster Beverage Corporation Director Mark Vidergauz sold 10,000 shares at an average price of $63.73, reducing his ownership by 16.34% to 51,191 shares valued at over $3.26 million.
• The company reported quarterly earnings of $0.52 per share, exceeding expectations, with revenue of $2.11 billion, marking an 11.1% increase compared to the previous year.
• Recent analyst reports reflect a consensus rating of "Hold" for Monster Beverage, with varied price targets, including $67.00 from UBS and $72.00 from Bank of America.

Monster Beverage Corporation (NASDAQ:MNST - Get Free Report) Director Mark Vidergauz sold 10,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $63.73, for a total transaction of $637,300.00. Following the completion of the sale, the director directly owned 51,191 shares of the company's stock, valued at $3,262,402.43. The trade was a 16.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Monster Beverage Stock Performance

Shares of NASDAQ:MNST traded up $0.5930 during trading on Wednesday, reaching $64.5830. The company had a trading volume of 656,041 shares, compared to its average volume of 6,151,089. The firm's fifty day moving average is $61.65 and its 200 day moving average is $58.80. The firm has a market capitalization of $63.06 billion, a PE ratio of 40.09, a price-to-earnings-growth ratio of 2.10 and a beta of 0.55. Monster Beverage Corporation has a twelve month low of $45.70 and a twelve month high of $66.75.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.08 billion. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 EPS. Equities analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Roth Capital restated a "neutral" rating and issued a $60.00 price objective (up previously from $56.00) on shares of Monster Beverage in a report on Wednesday, August 13th. Wall Street Zen raised shares of Monster Beverage from a "hold" rating to a "buy" rating in a report on Saturday. Rothschild & Co Redburn downgraded shares of Monster Beverage from a "buy" rating to a "neutral" rating and set a $60.00 price target for the company. in a report on Wednesday, July 9th. CICC Research raised shares of Monster Beverage from a "market perform" rating to an "outperform" rating and upped their price target for the company from $56.00 to $65.00 in a report on Monday, May 12th. Finally, Bank of America increased their target price on shares of Monster Beverage from $66.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $65.10.

Institutional Investors Weigh In On Monster Beverage

Several hedge funds have recently made changes to their positions in the company. Twin Capital Management Inc. lifted its holdings in shares of Monster Beverage by 11.6% in the first quarter. Twin Capital Management Inc. now owns 5,213 shares of the company's stock valued at $305,000 after purchasing an additional 540 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Monster Beverage by 2.4% in the 1st quarter. Nisa Investment Advisors LLC now owns 315,704 shares of the company's stock worth $18,475,000 after acquiring an additional 7,465 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Monster Beverage by 76.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 66,906 shares of the company's stock worth $3,915,000 after acquiring an additional 28,932 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Monster Beverage by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 1,289,392 shares of the company's stock worth $75,455,000 after acquiring an additional 11,443 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of Monster Beverage by 3.8% in the first quarter. Asset Management One Co. Ltd. now owns 423,548 shares of the company's stock worth $24,786,000 after purchasing an additional 15,493 shares in the last quarter. Hedge funds and other 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.