Monster Beverage Corp. (NASDAQ:MNST)’s share price rose 1.1% during trading on Tuesday . The company traded as high as $161.98 and last traded at $161.46, with a volume of 327,624 shares traded. The stock had previously closed at $159.73.

MNST has been the subject of several research analyst reports. Royal Bank Of Canada restated a “buy” rating on shares of Monster Beverage Corp. in a research note on Tuesday, April 26th. Bank of America Corp. restated a “neutral” rating on shares of Monster Beverage Corp. in a research note on Friday, April 15th. Susquehanna restated a “hold” rating and issued a $132.00 price objective on shares of Monster Beverage Corp. in a research note on Wednesday, June 15th. Wells Fargo & Co. restated a “buy” rating on shares of Monster Beverage Corp. in a research note on Wednesday, June 15th. Finally, Vetr upgraded shares of Monster Beverage Corp. from a “hold” rating to a “buy” rating and set a $152.00 price objective for the company in a research note on Monday, May 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $158.15.

The firm has a market cap of $32.74 billion and a price-to-earnings ratio of 45.93. The company’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 quarterly earnings results on Friday, April 29th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.06. During the same period last year, the firm posted $0.62 earnings per share. The business earned $680.20 million during the quarter, compared to analyst estimates of $656.78 million. The company’s quarterly revenue was up 8.5% on a year-over-year basis. Equities research analysts predict that Monster Beverage Corp. will post $3.91 EPS for the current fiscal year.

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

A number of hedge funds and institutional investors have recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Monster Beverage Corp. by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,801 shares of the company’s stock worth $1,460,000 after buying an additional 31 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Monster Beverage Corp. by 0.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 16,796 shares of the company’s stock worth $2,502,000 after buying an additional 127 shares during the last quarter. Tredje AP fonden raised its position in Monster Beverage Corp. by 1.7% in the fourth quarter. Tredje AP fonden now owns 9,707 shares of the company’s stock worth $1,446,000 after buying an additional 160 shares during the last quarter. Advantus Capital Management Inc raised its position in Monster Beverage Corp. by 2.4% in the fourth quarter. Advantus Capital Management Inc now owns 14,643 shares of the company’s stock worth $2,181,000 after buying an additional 340 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in Monster Beverage Corp. by 1.1% in the fourth quarter. Nationwide Fund Advisors now owns 45,476 shares of the company’s stock worth $6,774,000 after buying an additional 484 shares during the last quarter.

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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