Valued at a market cap of $59.5 billion, Monster Beverage Corporation (MNST) is a beverage company headquartered in Corona, California. It develops, markets, sells, and distributes a wide range of energy drink brands, including Monster Energy, Monster Ultra, Reign Total Body Fuel, Java Monster, and Burn, as well as other beverages such as non-carbonated iced teas, juices, water, sports drinks, and flavored malt beverages.
Shares of the energy drinks company have surged past the broader market over the past 52 weeks. MNST stock has rallied 18.4% over this time frame, while the broader S&P 500 Index ($SPX) has gained 17%. Moreover, on a YTD basis, MNST stock is up 16.1%, compared to SPX’s 8.2% return.
