5 Best Debt Free Stocks to Buy

4. Monster Beverage Corporation (NASDAQ:MNST)

Number of Hedge Fund Holders: 39

Monster Beverage Corporation (NASDAQ:MNST) is a leading energy drink company whose stock has has surged from under $16 in January 2013 to $102.17 as of 1/17. Given the company’s strong marketing, Monster Beverage Corporation (NASDAQ:MNST) has achieved 30 straight years of increased sales. For the nine months ended September 30,2022 the company achieved $4.8 billion in net sales, up 16.6% over the net sales of $4.1 billion for the same period in 2021.

Despite the strong growth, Monster Beverage Corporation (NASDAQ:MNST) has a debt to equity ratio of 0 and a long term debt to equity ratio of 0.