Monster Beverage Corp. (NASDAQ:MNST)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $162.58 and last traded at $162.19, with a volume of 378,848 shares trading hands. The stock had previously closed at $160.79.

Several equities analysts recently commented on MNST shares. Vetr raised shares of Monster Beverage Corp. from a “hold” rating to a “strong-buy” rating and set a $147.33 price objective for the company in a research note on Monday, April 11th. Goldman Sachs Group Inc. raised shares of Monster Beverage Corp. from a “buy” rating to a “conviction-buy” rating and boosted their price objective for the company from $157.00 to $160.00 in a research note on Wednesday, March 16th. Bank of America Corp. started coverage on shares of Monster Beverage Corp. in a research note on Tuesday, March 22nd. They set a “neutral” rating and a $144.00 price objective for the company. Credit Agricole SA reaffirmed a “buy” rating on shares of Monster Beverage Corp. in a research note on Tuesday, May 17th. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of Monster Beverage Corp. in a research note on Monday, June 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $158.15.

The company has a 50-day moving average of $155.41 and a 200 day moving average of $140.71. The stock has a market cap of $32.95 billion and a P/E ratio of 46.22.

Monster Beverage Corp. (NASDAQ:MNST) last released its earnings results on Friday, April 29th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.06. The firm earned $680.20 million during the quarter, compared to analysts’ expectations of $656.78 million. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.62 earnings per share. On average, analysts anticipate that Monster Beverage Corp. will post $3.91 EPS for the current year.

In other Monster Beverage Corp. news, Director Harold C. Taber, Jr. sold 5,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 30,684 shares of the company’s stock, valued at approximately $4,729,631.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Hilton H. Schlosberg sold 2,001,350 shares of the stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $156.00, for a total transaction of $312,210,600.00. Following the sale, the insider now directly owns 1,305,501 shares of the company’s stock, valued at $203,658,156. The disclosure for this sale can be found here.

Other large investors recently made changes to their positions in the company. Wellington Shields Capital Management LLC bought a new stake in shares of Monster Beverage Corp. during the fourth quarter worth about $1,013,000. Tredje AP fonden raised its stake in shares of 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 period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of 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 period. Engineers Gate Manager LP bought a new stake in shares of Monster Beverage Corp. during the fourth quarter worth about $1,506,000. Finally, Cavalier Investments bought a new stake in shares of Monster Beverage Corp. during the fourth quarter worth about $1,519,000.

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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