NEW YORK ( TheStreet) -- Monster Beverage (Nasdaq: MNST) is trading at unusually high volume Tuesday with 6.8 million shares changing hands. It is currently at 5.7 times its average daily volume and trading up $1.44 (+2.2%) at $66.44 as of 3:05 p.m. ET. Monster Beverage has a market cap of $11.55 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 41.1% year to date as of the close of trading on Monday. 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 42.8, equal to the average food & beverage industry P/E ratio 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, impressive record of earnings per share growth and compelling growth in net income. 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. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.