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

A number of analysts have recently commented on the company. Goldman Sachs Group Inc. restated a “buy” rating and issued a $160.00 target price on shares of Monster Beverage Corp. in a research note on Tuesday, April 26th. Susquehanna reiterated a “hold” rating and set a $132.00 price target on shares of Monster Beverage Corp. in a research report on Friday, April 29th. Credit Agricole SA reiterated a “buy” rating on shares of Monster Beverage Corp. in a research report on Tuesday, May 17th. BMO Capital Markets reiterated a “buy” rating and set a $160.00 price target on shares of Monster Beverage Corp. in a research report on Wednesday, June 15th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $165.00 price target on shares of Monster Beverage Corp. in a research report on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Monster Beverage Corp. currently has an average rating of “Buy” and a consensus target price of $158.15.

The firm has a 50-day moving average of $156.12 and a 200 day moving average of $141.02. The firm has a market capitalization of $32.92 billion and a P/E ratio of 46.17.

Monster Beverage Corp. (NASDAQ:MNST) last announced its quarterly earnings results on Friday, April 29th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.06. The business had revenue of $680.20 million for the quarter, compared to analysts’ expectations of $656.78 million. During the same period last year, the company posted $0.62 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities research analysts anticipate that Monster Beverage Corp. will post $3.91 EPS for the current fiscal year.

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

A number of institutional investors have recently bought and sold shares of MNST. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted 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. boosted 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 boosted 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 boosted 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 boosted 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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