|New Threads Only:|
|New Threads & Replies:|
Forum List » Guru News and Commentaries|
Guru News, Stock picks and commentaries
Chairman and CEO of Monster Beverage Rodney C Sacks sold 150,000 shares
Posted by: GuruFocus (IP Logged)
Date: June 15, 2012 09:19PM
Monster Beverage Corporation is a marketer and distributor of energy drinks and alternative beverages. Monster Beverage has a market cap of $13.41 billion; its shares were traded at around $77.48 with a P/E ratio of 46.1 and P/S ratio of 7.9. Monster Beverage had an annual average earnings growth of 60.8% over the past 10 years.
Chairman and CEO of Monster Beverage (MNST) Rodney C Sacks sold 150,000 shares at an average price of $75.29 on June 13, 2012. The total transaction amount is $11,293,500.
Rodney C. Sacks has sold 1,020,000 shares of MNST stock in December, January, March and May. Other director and officers have also sold shares of MNST. Vice Chairman and President Hilton H. Schlosberg sold 1,064,218 shares of MNST stock on January, March, May and June. On May 14, Director Sydney Selati sold 10,000 shares of MNST stock at the average price of 70.92.
GuruFocus guru John Burbank has kept his position in MNST unchanged or slightly adjusted. As of March 31, he owns 39,000 shares of MNST stock. A decrease of 50% of from the previous quarter, Jean-Marie Eveillard owns 20,000 shares as of March 31.
On May 9, 2012, Monster Beverage Corporation announced their 2012 first quarter financial results. The Company reported that revenues have increased 27.5% to 454.6 million from a year ago. Net income for this quarter was $71.6 million, compared to the $55.0 million from the 2011 first quarter.
Guru Discussed: Jean-Marie Eveillard: Current Portfolio, Stock Picks
Stocks Discussed: MNST,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.