10 Most Successful Innovative Companies in The World in 2016

7. Monster Beverage Corporation (NASDAQ:MNST)

Innovation Premium – 68.8%

Market Cap – $25 billion

Based in California, Monster Beverage Corporation (NASDAQ:MNST), the next one in our list of most successful innovative companies in the world in 2016 has been around since 1990. For the most part, the corporation conducts its business through a series of subsidiaries. It is known for its involvement in developing, marketing, selling and distributing a wide range of beverages, including lemonades, juices, water, iced teas and so on. However, it is best know for its energy drinks. Burn, Monster Energy, Full Throttle, and Mother are just some of the brands in its portfolio.

Basically, Monster Beverage Corporation (NASDAQ:MNST) produces a drink for just about everyone, regardless of age, including juices for toddlers. Most of its products are the result of deep research and extensive testing, so they’re quite innovative, certainly more so than most people would likely think. This fiscal year, for instance, they are expected to launch four new drinks and/or beverage lines.

Monster Beverage shares were held by 33 of the hedge funds in our system on June 30, up from 31 on March 31. Stephen Mandel’s Lone Pine Capital was a big fan of the stock in the second quarter, hiking its position in it by 272% to 4.14 million shares.