Shares of Monster Beverage Corp. (NASDAQ:MNST) traded down 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. The stock had previously closed at $161.60.

Several analysts recently issued reports on the company. Susquehanna reissued a “hold” rating on shares of Monster Beverage Corp. in a report on Sunday. Goldman Sachs Group Inc. restated 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 restated a “buy” rating on shares of Monster Beverage Corp. in a research report on Tuesday, May 17th. BMO Capital Markets restated a “buy” rating and issued a $160.00 target price on shares of Monster Beverage Corp. in a research report on Wednesday, June 15th. Finally, Vetr cut Monster Beverage Corp. from a “hold” rating to a “sell” rating and set a $139.58 target price on the stock. in a research report on Tuesday, May 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Monster Beverage Corp. currently has a consensus rating of “Buy” and a consensus price target of $155.65.

The company has a 50 day moving average of $156.63 and a 200 day moving average of $141.15. The firm has a market capitalization of $31.95 billion and a price-to-earnings ratio of 44.82.

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

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

Other hedge funds and institutional investors recently bought and sold shares of the company. Wellington Shields Capital Management LLC bought a new position in Monster Beverage Corp. during the fourth quarter valued at $1,013,000. 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 valued at $1,446,000 after buying an additional 160 shares during the period. 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 valued at $1,460,000 after buying an additional 31 shares during the period. Engineers Gate Manager LP bought a new position in Monster Beverage Corp. during the fourth quarter valued at $1,506,000. Finally, Employees Retirement System of Texas boosted its position in Monster Beverage Corp. by 21.1% in the fourth quarter. Employees Retirement System of Texas now owns 10,900 shares of the company’s stock valued at $1,624,000 after buying an additional 1,900 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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