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Three investors bought Monster Beverage shares as earnings rose and stock held near $68.
Three Cord True Wealth Management and Asahi Life Asset Management acquired stakes in Monster Beverage Corp., adding 3,202 and 6,195 shares respectively in the second quarter.
The company reported strong Q2 earnings, with $0.52 EPS and $2.11 billion in revenue, up 11.1% year-over-year.
Analyst ratings remain mixed, with a consensus hold, average price target of $67.48, and some upgrades to $79.00.
The stock trades around $67.87 with a market cap of $66.27 billion and a P/E of 42.16.
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Tres inversionistas compraron acciones de Monster Beverage cuando las ganancias aumentaron y las acciones se mantuvieron cerca de $ 68.