Monster Beverage Corp. (NASDAQ:MNST) dropped 4.8% during mid-day trading on Monday . The stock traded as low as $152.75 and last traded at $153.84, with a volume of 1,351,653 shares trading hands. The stock had previously closed at $161.60.

MNST has been the subject of several research analyst reports. Vetr raised 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. Bank of America Corp. initiated coverage on 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 reissued a “buy” rating on shares of Monster Beverage Corp. in a research note on Tuesday, May 17th. Wells Fargo & Co. reissued a “buy” rating on shares of Monster Beverage Corp. in a research note on Monday, June 27th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $165.00 price objective on shares of Monster Beverage Corp. in a research note on Monday, May 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $155.65.

The stock has a market cap of $31.58 billion and a PE ratio of 44.30. The firm has a 50-day moving average price of $156.46 and a 200-day moving average price of $141.12.

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 Zacks’ 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 business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 earnings per share. Analysts expect that Monster Beverage Corp. will post $3.91 earnings per share for the current fiscal year.

In other news, CEO Rodney C. Sacks sold 2,396,288 shares of Monster Beverage Corp. stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $156.00, for a total value of $373,820,928.00. Following the completion of the transaction, the chief executive officer now directly owns 1,799,053 shares in the company, valued at $280,652,268. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Hilton H. Schlosberg sold 2,001,350 shares of Monster Beverage Corp. stock in a transaction on 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 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 institutional investors recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position 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 valued at $1,460,000 after buying an additional 31 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of 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 valued at $2,502,000 after buying an additional 127 shares during the period. Tredje AP fonden boosted its position 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 valued at $1,446,000 after buying an additional 160 shares during the period. Advantus Capital Management Inc boosted its position in shares of Monster Beverage Corp. by 2.4% in the fourth quarter. Advantus Capital Management Inc now owns 14,643 shares of the company’s stock valued at $2,181,000 after buying an additional 340 shares during the period. Finally, Nationwide Fund Advisors boosted its position in shares of Monster Beverage Corp. by 1.1% in the fourth quarter. Nationwide Fund Advisors now owns 45,476 shares of the company’s stock valued at $6,774,000 after buying an additional 484 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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