Teacher Retirement System of Texas Sells 32,571 Shares of Monster Beverage Corporation $MNST

The Teacher Retirement System of Texas reduced its stake in Monster Beverage Corporation (NASDAQ:MNST) by 4.2%, selling 32,571 shares and retaining 734,799 shares valued at $56.34 million. Despite this sale, several other large institutions, including Vanguard, State Street, Invesco, Schroders, and Ninety One UK Ltd, increased their holdings in Monster Beverage, bringing institutional ownership to approximately 72.36%. Analysts currently maintain a “Moderate Buy” rating for MNST with a consensus target price of $84.65, following the company’s recent earnings beat where it reported $0.51 EPS against a $0.49 consensus and revenue of $2.10 billion, up 17.6% year-over-year.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin