Monster Beverage Stock Hits New 52-Week High (MNST)

NEW YORK ( TheStreet) -- Monster Beverage (Nasdaq: MNST) hit a new 52-week high Friday as it is currently trading at $64.31, above its previous 52-week high of $64.22 with 369,313 shares traded as of 11:45 a.m. ET. Average volume has been 1.3 million shares over the past 30 days.

Monster Beverage has a market cap of $10.96 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 35.8% year to date as of the close of trading on Thursday.

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes alternative beverage category beverages in the United States and internationally. The company has a P/E ratio of 41.3, above the average food & beverage industry P/E ratio of 41.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Monster Beverage as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Monster Beverage Ratings Report.

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