Monster Beverage Corp. (NASDAQ:MNST)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $162.33 and last traded at $161.13, with a volume of 439,982 shares changing hands. The stock had previously closed at $161.26.

A number of equities analysts have issued reports on MNST shares. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Monster Beverage Corp. in a research report on Tuesday, April 26th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $160.00 target price on shares of Monster Beverage Corp. in a research report on Tuesday, April 26th. Credit Agricole SA reaffirmed a “buy” rating on shares of Monster Beverage Corp. in a research report on Tuesday, May 17th. Vetr raised Monster Beverage Corp. from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a research report on Monday, May 9th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $165.00 target price on shares of Monster Beverage Corp. in a research report on Monday, May 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $158.15.

The stock has a market capitalization of $32.67 billion and a price-to-earnings ratio of 45.83. The firm’s 50 day moving average is $153.91 and its 200 day moving average is $140.32.

Monster Beverage Corp. (NASDAQ:MNST) last posted its earnings results on Friday, April 29th. The company reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.06. The company had revenue of $680.20 million for the quarter, compared to the consensus estimate of $656.78 million. During the same quarter last year, the business earned $0.62 EPS. Monster Beverage Corp.’s quarterly revenue was up 8.5% compared to the same quarter last year. Equities research analysts forecast that Monster Beverage Corp. will post $3.91 EPS for the current year.

In related news, CEO Rodney C. Sacks sold 2,396,288 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $156.00, for a total transaction of $373,820,928.00. Following the completion of the transaction, the chief executive officer now owns 1,799,053 shares in the company, valued at approximately $280,652,268. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Harold C. Taber, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $154.14, for a total value of $770,700.00. Following the transaction, the director now owns 30,684 shares of the company’s stock, valued at approximately $4,729,631.76. The disclosure for this sale can be found here.

Several institutional investors recently bought and sold shares of MNST. Morgan Stanley increased its position in Monster Beverage Corp. by 4.7% in the fourth quarter. Morgan Stanley now owns 5,523,579 shares of the company’s stock valued at $822,793,000 after buying an additional 246,035 shares during the period. Jennison Associates LLC increased its position in Monster Beverage Corp. by 13.3% in the fourth quarter. Jennison Associates LLC now owns 4,150,967 shares of the company’s stock valued at $618,328,000 after buying an additional 488,830 shares during the period. Wells Fargo & Company MN increased its position in Monster Beverage Corp. by 17.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,120,690 shares of the company’s stock valued at $166,938,000 after buying an additional 164,182 shares during the period. Montag & Caldwell LLC increased its position in Monster Beverage Corp. by 5,631.0% in the fourth quarter. Montag & Caldwell LLC now owns 414,639 shares of the company’s stock valued at $61,765,000 after buying an additional 407,404 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its position in Monster Beverage Corp. by 207.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 400,000 shares of the company’s stock valued at $59,584,000 after buying an additional 270,000 shares during the period.

Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.

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