Monster Beverage (NASDAQ:MNST) Shares Unloaded Rep. Julie Johnson

Representative Julie Johnson (D-Texas) recently sold shares of Monster Beverage Co. (NASDAQ:MNST). In a filing disclosed on February 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Monster Beverage stock on January 15th. The trade occurred in the Representative’s “MERRILL LYNCH TAX EFFICIENT CORE” account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Dell Technologies (NYSE:DELL) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of ALLETE (NYSE:ALE) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of PPG Industries (NYSE:PPG) on 1/27/2025.
• Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 1/24/2025.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 1/24/2025.
• Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 1/24/2025.
• Sold $1,001 – $15,000 in shares of Morgan Stanley (NYSE:MS) on 1/24/2025.
• Purchased $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 1/17/2025.

Monster Beverage Stock Performance

Shares of NASDAQ MNST traded up $0.08 during mid-day trading on Friday, reaching $49.60. 1,660,170 shares of the company were exchanged, compared to its average volume of 6,073,467. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22. The stock has a market capitalization of $48.24 billion, a P/E ratio of 31.77, a P/E/G ratio of 1.96 and a beta of 0.74. The company’s 50-day simple moving average is $50.40 and its 200-day simple moving average is $50.99. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Stifel Nicolaus upped their target price on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Needham & Company LLC began coverage on Monster Beverage in a report on Friday, December 6th. They set a “hold” rating for the company. Argus upped their price target on shares of Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company lifted their price objective on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $55.53.

Institutional Trading of Monster Beverage

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Monster Beverage by 222.6% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,884 shares of the company’s stock valued at $98,000 after acquiring an additional 1,300 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of Monster Beverage by 59.1% during the third quarter. Valeo Financial Advisors LLC now owns 8,667 shares of the company’s stock worth $452,000 after purchasing an additional 3,218 shares during the last quarter. Empirical Asset Management LLC grew its holdings in shares of Monster Beverage by 116.5% during the third quarter. Empirical Asset Management LLC now owns 11,096 shares of the company’s stock worth $579,000 after purchasing an additional 5,970 shares during the last quarter. CX Institutional increased its stake in shares of Monster Beverage by 28.9% in the third quarter. CX Institutional now owns 6,388 shares of the company’s stock valued at $333,000 after buying an additional 1,434 shares during the period. Finally, Creative Planning raised its holdings in Monster Beverage by 12.8% in the 3rd quarter. Creative Planning now owns 90,773 shares of the company’s stock valued at $4,736,000 after buying an additional 10,284 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Insider Buying and Selling

In other news, CFO Thomas J. Kelly sold 10,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $52.65, for a total transaction of $526,500.00. Following the completion of the transaction, the chief financial officer now owns 74,924 shares of the company’s stock, valued at approximately $3,944,748.60. This trade represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.80% of the stock is owned by corporate insiders.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

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.