Monster Beverage Sees Unusually High Options Volume (NASDAQ:MNST)

Monster Beverage Co. (NASDAQ:MNSTGet Rating) was the recipient of unusually large options trading on Monday. Investors bought 8,166 put options on the company. This represents an increase of 130% compared to the typical volume of 3,551 put options.

Monster Beverage Trading Down 1.6 %

MNST opened at $96.90 on Wednesday. The stock has a market cap of $51.33 billion, a PE ratio of 38.30, a P/E/G ratio of 2.50 and a beta of 0.92. Monster Beverage has a 1 year low of $71.78 and a 1 year high of $99.89. The stock’s 50 day simple moving average is $92.98 and its 200-day simple moving average is $86.60.

Monster Beverage (NASDAQ:MNSTGet Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.05). The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.43 billion. Monster Beverage had a net margin of 23.32% and a return on equity of 21.21%. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Equities analysts forecast that Monster Beverage will post 2.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Monster Beverage news, insider Guy Carling sold 26,299 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $90.73, for a total transaction of $2,386,108.27. Following the completion of the sale, the insider now directly owns 25,901 shares in the company, valued at approximately $2,349,997.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Monster Beverage news, insider Guy Carling sold 26,299 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $90.73, for a total transaction of $2,386,108.27. Following the completion of the sale, the insider now directly owns 25,901 shares in the company, valued at approximately $2,349,997.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Hilton H. Schlosberg sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $91.00, for a total value of $4,550,000.00. Following the sale, the chief executive officer now owns 310,244 shares of the company’s stock, valued at $28,232,204. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,028 shares of company stock worth $10,522,704. 10.50% of the stock is currently owned by company insiders.

Institutional Trading of Monster Beverage

Institutional investors and hedge funds have recently modified their holdings of the company. Industrial Alliance Investment Management Inc. bought a new stake in shares of Monster Beverage during the fourth quarter valued at approximately $27,000. Ancora Advisors LLC acquired a new stake in Monster Beverage in the 1st quarter valued at $27,000. Tcwp LLC acquired a new stake in Monster Beverage in the 1st quarter valued at $31,000. Quent Capital LLC boosted its stake in Monster Beverage by 45.3% in the 1st quarter. Quent Capital LLC now owns 430 shares of the company’s stock valued at $34,000 after buying an additional 134 shares in the last quarter. Finally, Delos Wealth Advisors LLC acquired a new stake in Monster Beverage in the 4th quarter valued at $36,000. 63.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MNST shares. Roth Capital started coverage on Monster Beverage in a report on Tuesday, July 5th. They set a “neutral” rating and a $100.00 price target for the company. Wells Fargo & Company lifted their price target on Monster Beverage from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, July 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $105.00 price objective on shares of Monster Beverage in a research note on Friday, April 29th. Sanford C. Bernstein raised Monster Beverage from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $97.00 to $110.00 in a research note on Wednesday, May 18th. Finally, UBS Group cut their price objective on Monster Beverage from $95.00 to $94.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 21st. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $101.14.

About Monster Beverage

(Get Rating)

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, and Other. It offers carbonated energy drinks, non-carbonated, ready-to-drink iced teas, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks and single-serve still waters, and sodas that are considered natural, sparkling juices, and flavored sparkling beverages.

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