Chairman and CEO of Monster Beverage (NASDAQ: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.
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