Monster Beverage Corporation (NASDAQ:MNST) CEO Rodney C. Sacks sold 697 shares of the stock in a transaction on Friday, December 28th. The stock was sold at an average price of $64.51, for a total value of $44,963.47. Following the completion of the transaction, the chief executive officer now owns 963,789 shares of the company’s stock, valued at approximately $62,174,028.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Monster Beverage Corporation (MNST) traded up $0.03 during trading hours on Friday, hitting $63.39. The stock had a trading volume of 64,498 shares, compared to its average volume of 1,850,000. Monster Beverage Corporation has a 1 year low of $41.02 and a 1 year high of $64.79. The company has a market capitalization of $35,730.00, a P/E ratio of 46.27, a PEG ratio of 1.97 and a beta of 0.94.
Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. Monster Beverage had a return on equity of 23.45% and a net margin of 23.92%. The firm had revenue of $909.50 million during the quarter, compared to the consensus estimate of $903.82 million. During the same period last year, the company earned $0.34 earnings per share. The company’s revenue was up 15.4% on a year-over-year basis. sell-side analysts anticipate that Monster Beverage Corporation will post 1.48 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on the company. Wells Fargo & Co increased their price objective on Monster Beverage from $54.00 to $60.00 and gave the stock a “market perform” rating in a report on Thursday. Macquarie increased their price objective on Monster Beverage from $65.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, December 21st. Deutsche Bank assumed coverage on Monster Beverage in a report on Wednesday, December 13th. They issued a “hold” rating and a $66.00 price objective for the company. Jefferies Group increased their price objective on Monster Beverage from $64.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, November 28th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $69.00 price objective (up previously from $62.00) on shares of Monster Beverage in a report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $60.99.
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About Monster Beverage
Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.
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