Monster Beverage Co. (NASDAQ:MNST) CFO Sells $526,500.00 in Stock

Monster Beverage Co. (NASDAQ:MNST) CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction on Friday, December 13th. The stock was sold at an average price of $52.65, for a total value of $526,500.00. Following the sale, the chief financial officer now owns 74,924 shares in the company, valued at $3,944,748.60. This trade represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Monster Beverage Price Performance

Shares of Monster Beverage stock traded down $0.30 during trading on Tuesday, hitting $51.95. The stock had a trading volume of 4,642,911 shares, compared to its average volume of 6,783,660. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.22. The firm has a market cap of $50.52 billion, a price-to-earnings ratio of 33.30, a P/E/G ratio of 2.49 and a beta of 0.74. The business’s 50-day moving average is $53.52 and its 200 day moving average is $51.06.

Hedge Funds Weigh In On Monster Beverage

Institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC raised its stake in Monster Beverage by 13.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 27,866 shares of the company’s stock valued at $1,392,000 after purchasing an additional 3,214 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Monster Beverage by 53.8% during the 2nd quarter. Blue Trust Inc. now owns 4,178 shares of the company’s stock worth $209,000 after acquiring an additional 1,462 shares during the last quarter. First Citizens Bank & Trust Co. grew its position in Monster Beverage by 12.7% in the second quarter. First Citizens Bank & Trust Co. now owns 11,927 shares of the company’s stock worth $596,000 after acquiring an additional 1,341 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new position in Monster Beverage in the second quarter valued at $478,000. Finally, &PARTNERS raised its position in Monster Beverage by 25.3% during the second quarter. &PARTNERS now owns 10,160 shares of the company’s stock valued at $508,000 after purchasing an additional 2,052 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Argus raised their target price on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. UBS Group lifted their price target on shares of Monster Beverage from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 8th. JPMorgan Chase & Co. lowered their target price on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Finally, Bank of America increased their price target on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Monster Beverage currently has an average rating of “Moderate Buy” and a consensus target price of $56.45.

About Monster Beverage

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.