Yesterday, a Director at Monster Beverage Corp (MNST), Mark Hall, bought shares of MNST for $17.17M.
Following this transaction Mark Hall’s holding in the company was increased by 83.6% to a total of $53.89 million. Following Mark Hall’s last MNST Buy transaction on March 15, 2018, the stock climbed by 3.7%.
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Based on Monster Beverage Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $946 million and quarterly net profit of $261 million. In comparison, last year the company earned revenue of $851 million and had a net profit of $216 million. MNST’s market cap is $33.53B and the company has a P/E ratio of 33.11. Currently, Monster Beverage Corp has an average volume of 2.78M.
Nine different firms, including BMO Capital and Citigroup, currently also have a Buy rating on the stock. Based on 14 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $66.57, reflecting a 7.5% upside.
In the last 30 days, insiders have sold $24.28M worth of MNST shares and purchased $17.17M worth of MNST shares. The insider sentiment on Monster Beverage Corp has been negative according to 27 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Monster Beverage Corp. is a holding company, which engages in the development, marketing, sale and distribution of energy drink beverages and concentrates. It operates through the following segments: Monster Energy Drinks, Strategic Brands and Other.
