Monster Beverage Corporation (NASDAQ:MNST – Get Free Report) Director Mark Hall sold 54,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $85.81, for a total value of $4,633,740.00. Following the completion of the transaction, the director owned 299,246 shares in the company, valued at approximately $25,678,299.26. This trade represents a 15.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Monster Beverage Stock Performance
Shares of MNST stock traded up $1.27 on Friday, reaching $87.09. The stock had a trading volume of 6,147,721 shares, compared to its average volume of 5,841,254. The stock has a market cap of $85.17 billion, a P/E ratio of 42.07, a price-to-earnings-growth ratio of 2.83 and a beta of 0.50. Monster Beverage Corporation has a 1 year low of $58.09 and a 1 year high of $88.77. The company has a 50 day simple moving average of $76.38 and a 200 day simple moving average of $76.52.
Monster Beverage (NASDAQ:MNST – Get Free Report) last released its quarterly earnings results on Friday, May 8th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.16 billion. Monster Beverage had a return on equity of 26.86% and a net margin of 23.11%.The company’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period last year, the business posted $0.47 EPS. On average, equities research analysts anticipate that Monster Beverage Corporation will post 2.31 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
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Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Physician Wealth Advisors Inc. lifted its position in shares of Monster Beverage by 508.1% during the third quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock worth $25,000 after purchasing an additional 315 shares during the last quarter. Harbor Investment Advisory LLC boosted its stake in shares of Monster Beverage by 136.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock valued at $27,000 after purchasing an additional 205 shares during the period. Newbridge Financial Services Group Inc. grew its holdings in shares of Monster Beverage by 1,338.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after purchasing an additional 415 shares during the last quarter. First Horizon Corp bought a new position in shares of Monster Beverage in the third quarter worth about $29,000. Finally, MV Capital Management Inc. purchased a new position in Monster Beverage in the 4th quarter worth about $30,000. Institutional investors own 72.36% of the company’s stock.
Monster Beverage Company Profile
Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.
Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.
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