Emelie Tirre Sells 8,796 Shares of Monster Beverage Co. (NASDAQ:MNST) Stock

Monster Beverage Co. (NASDAQ:MNST) insider Emelie Tirre sold 8,796 shares of Monster Beverage stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $62.46, for a total value of $549,398.16. Following the completion of the sale, the insider now directly owns 89,501 shares of the company’s stock, valued at approximately $5,590,232.46. This trade represents a 8.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Emelie Tirre also recently made the following trade(s):

• On Tuesday, March 4th, Emelie Tirre sold 91,316 shares of Monster Beverage stock. The shares were sold at an average price of $55.38, for a total transaction of $5,057,080.08.

Monster Beverage Price Performance

NASDAQ:MNST traded up $0.09 during midday trading on Tuesday, hitting $62.99. The company had a trading volume of 5,400,561 shares, compared to its average volume of 6,960,716. The company has a market capitalization of $61.43 billion, a PE ratio of 40.38, a P/E/G ratio of 2.28 and a beta of 0.63. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $63.16. The stock’s fifty day moving average price is $58.66 and its 200-day moving average price is $54.34.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 EPS. As a group, research analysts expect that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on MNST. Truist Financial boosted their price target on shares of Monster Beverage from $40.00 to $50.00 and gave the company a “sell” rating in a research report on Wednesday, April 23rd. Piper Sandler upped their price target on Monster Beverage from $51.00 to $54.00 and gave the company a “neutral” rating in a research report on Friday, May 9th. UBS Group increased their price target on shares of Monster Beverage from $62.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, May 9th. Wells Fargo & Company raised their price objective on shares of Monster Beverage from $65.00 to $67.00 and gave the company an “overweight” rating in a research report on Monday, May 5th. Finally, Bank of America upped their target price on shares of Monster Beverage from $57.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $60.50.

Institutional Trading of Monster Beverage

A number of hedge funds have recently bought and sold shares of MNST. Pinnacle Associates Ltd. grew its position in Monster Beverage by 4.0% during the first quarter. Pinnacle Associates Ltd. now owns 4,887 shares of the company’s stock valued at $286,000 after acquiring an additional 189 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Monster Beverage by 37.1% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company’s stock valued at $42,000 after purchasing an additional 196 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Monster Beverage by 1.5% during the 4th quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company’s stock valued at $714,000 after purchasing an additional 203 shares during the last quarter. CreativeOne Wealth LLC grew its holdings in shares of Monster Beverage by 1.9% during the 4th quarter. CreativeOne Wealth LLC now owns 11,838 shares of the company’s stock valued at $622,000 after purchasing an additional 217 shares during the last quarter. Finally, Conning Inc. raised its position in Monster Beverage by 3.9% in the 1st quarter. Conning Inc. now owns 5,853 shares of the company’s stock worth $343,000 after purchasing an additional 219 shares during the period. 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.