Monster Beverage Corp. (NASDAQ:MNST) dropped 2% on Monday . The stock traded as low as $159.25 and last traded at $159.34, with a volume of 380,806 shares trading hands. The stock had previously closed at $162.52.

MNST has been the topic of several research reports. Vetr upgraded Monster Beverage Corp. from a “hold” rating to a “strong-buy” rating and set a $147.33 price target on the stock in a research report on Monday, April 11th. Bank of America Corp. restated a “neutral” rating on shares of Monster Beverage Corp. in a research report on Friday, April 15th. Goldman Sachs Group Inc. restated a “buy” rating and set a $160.00 price target on shares of Monster Beverage Corp. in a research report on Tuesday, April 26th. Royal Bank Of Canada restated a “buy” rating on shares of Monster Beverage Corp. in a research report on Tuesday, April 26th. Finally, Susquehanna restated a “hold” rating and set a $132.00 price target on shares of Monster Beverage Corp. in a research report on Friday, April 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned 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 an average price target of $160.27.

The stock has a market capitalization of $30.26 billion and a P/E ratio of 49.61. The company’s 50 day moving average price is $159.02 and its 200-day moving average price is $142.75.

Monster Beverage Corp. (NASDAQ:MNST) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by $0.04. During the same quarter in the prior year, the business posted $0.79 earnings per share. The company earned $945.80 million during the quarter, compared to the consensus estimate of $804.24 million. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. On average, equities analysts forecast that Monster Beverage Corp. will post $3.89 EPS for the current year.

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

A number of hedge funds recently made changes to their positions in MNST. Airain ltd bought a new stake in shares of Monster Beverage Corp. during the fourth quarter valued at about $5,026,000. Employees Retirement System of Texas boosted its stake in shares of 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. Jennison Associates LLC boosted its stake in shares of Monster Beverage Corp. by 13.3% in the fourth quarter. Jennison Associates LLC now owns 4,150,967 shares of the company’s stock valued at $618,328,000 after buying an additional 488,830 shares during the period. Eaton Vance Management boosted its stake in shares of Monster Beverage Corp. by 7.2% in the fourth quarter. Eaton Vance Management now owns 25,557 shares of the company’s stock valued at $3,807,000 after buying an additional 1,725 shares during the period. Finally, Advantus Capital Management Inc boosted its stake 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.

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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