Economy

Monster Beverage Corporation (MNST) Director Sells $560000.00 in Stock

The institutional investor owned 71,309 shares of the company's stock after selling 5,779 shares during the quarter. Aberdeen Asset Management PLC UK's holdings in Monster Beverage Corporation were worth $3,543,000 as of its most recent SEC filing. FMR LLC increased its position in Monster Beverage Corporation by 0.4% in the first quarter. Monster Beverage Corporation had a net profit margin of 23.98% and a ROE of 22.96%. the business reported sales of $907.07 M for the period compared to the average forecast of $901.38 M. For the same quarter previous year, the business reported $0.99 EPS. Commonwealth Bank of Australia raised its holdings in Monster Beverage Corporation by 11.0% in the second quarter. The volume of MNST witnessed a shift from 1.52 million shares, based on a 50-day average, to 1.95 million shares. Monster Beverage Corporation has a 52-week low of $39.72 and a 52-week high of $55.50. Tocqueville Asset Management L.P.'s holdings in Monster Beverage Corporation were worth $385,000 at the end of the most recent reporting period. Huntington National Bank now owns 2,133 shares of the company's stock valued at $106,000 after buying an additional 633 shares during the last quarter. Chilton Capital Limited Co has invested 1.09% in Verizon Communications Inc. Finally, Dynamic Advisors Solutions LLC bought a new position in Monster Beverage Corporation in the second quarter worth $202,000. Following the sale, the director now directly owns 52,000 shares of the company's stock, valued at approximately $2,912,000.

MNST has been the topic of a number of recent research reports. The reported about Monster Beverage Corp (NDAQ:MNST) raised the target price from $0.00 to $57.00. Vetr upgraded Monster Beverage Corporation from a "buy" rating to a "strong-buy" rating and set a $52.90 price objective for the company in a research note on Wednesday, May 17th. Goldman Sachs has "Buy" rating and $57 target. Monster Beverage Corporation had a market cap of 32.17B, indicating that it has a good hold on the market value of the shares outstanding. The stock of Monster Beverage Corporation (NASDAQ:MNST) earned "Buy" rating by Jefferies on Friday, June 16. The firm has "Buy" rating given on Friday, July 14 by RBC Capital Markets. The firm has "Buy" rating given on Tuesday, February 21 by Moffett Nathanson. According to these analysts, the Low Revenue Estimate for Monster Beverage Corporation is 882 Million and the High Revenue Estimate is 936.98 Million.

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Monster Beverage Corporation, launched on August 12, 2014, develops, markets, sells and distributes energy drink beverages, sodas and/or concentrates for energy drink beverages, primarily under various brand names, including Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, Muscle Monster, Mega Monster Energy, Punch Monster, Juice Monster, Ubermonster, BU, Mutant Super Soda, Nalu, NOS, Burn, Mother, Ultra, Play and Power Play, Gladiator, Relentless, Samurai, BPM and Full Throttle.

Monster Beverage Corporation (NASDAQ:MNST) traded down 0.68% on Monday, reaching $43.71. The firm's 50-day moving average price is $54.65 and its 200-day moving average price is $49.93.

Shares of Monster Beverage Corporation (MNST) opened at 56.15 on Thursday. The SI to Monster Beverage Corporation's float is 1.71%. The expected MNST's profit could reach $227.27M giving the stock 35.11 P/E in the case that $0.40 earnings per share is reported. Monster Beverage Corporation had a net margin of 23.98% and a return on equity of 22.96%. The business had revenue of $907.07 million during the quarter, compared to analysts' expectations of $901.38 million. The company's quarterly EPS surprised Wall Street by as much as -3% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. On average, analysts forecast that Monster Beverage Corporation will post $1.48 earnings per share for the current year. Thestreet.com's news article titled: "Coca-Cola Is Inching Closer to Monster Beverage Takeover" with publication date: September 09, 2017 was also an interesting one.



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