Monster Beverage Corporation $MNST Shares Sold by Barclays PLC - MarketBeat
π Barclays PLC cut its MNST stake by 4.8% in Q4, selling 239,389 shares to end with a $364 million position.
π Monster Beverage beat earnings expectations with $0.58 EPS and $2.32 billion in revenue, up 22.6% year-over-year.
π° The company authorized a new $500 million share repurchase program following the strong quarterly results.
π Insiders including CFO Thomas J. Kelly sold approximately $15.5 million worth of shares over the last 90 days.
π Analyst consensus remains 'Moderate Buy' with an average price target of $89.35 despite mixed recent ratings.
π’ Institutional ownership stands at 72.36%, with some firms like Harbor Investment increasing their stakes significantly.
- Monster Beverage delivered a solid earnings beat, reporting $0.58 EPS versus the consensus estimate of $0.53.
- Revenue reached $2.32 billion, exceeding analyst expectations of $2.16 billion and growing 22.6% year-over-year.
- The company maintains healthy profitability with a net margin of 23.11% and a return on equity of 26.86%.
- Management demonstrated confidence by authorizing a $500 million share repurchase program to return capital to shareholders.
- Several institutional investors, such as Harbor Investment Advisory LLC, significantly increased their holdings in the stock.
- Barclays PLC reduced its stake by 4.8% in the fourth quarter, selling nearly 240,000 shares of the company.
- Significant insider selling occurred recently, with CFO Thomas J. Kelly and Emelie Tirre collectively selling $15.5 million worth of stock.
- Wall Street Zen lowered its rating from 'buy' to 'hold', indicating some caution among analysts regarding current valuation.