Steve Mandel (Trades, Portfolio) nearly tripled his stake in Monster Beverage Corp. (NASDAQ:MNST)in the second quarter, buying 3,027,014 shares at an average price of $144.54. The trade had a 2.24% impact on Mandel’s portfolio, he now owns 4,141,575 shares of the company.
Monster Beverage Corp. was incorporated in Delaware on April 25, 1990 and was previously known as Hansen Natural Corporation. The company, through its subsidiaries, markets and distributes energy drinks. Monster Beverage offers popular energy drink products such as Monster energy drinks, Monster Energy Extra Strength, Monster Rehab, non-carbonated energy drinks with electrolytes, Muscle Monster Energy Shakes and NOS energy drinks, among others. Monster has a market cap of $27.89 billion, a P/E ratio of 45.79, an enterprise value of $27.41 billion, a P/B ratio of 8.74 and a quick ratio of 2.25. Continue Reading »