Quantbot Technologies LP increased its stake in Monster Beverage Corporation (NASDAQ:MNST) by 31.1% in the third quarter, bringing their total holdings to 143,638 shares valued at $9.67 million. Monster Beverage recently surpassed Q4 earnings and revenue expectations, reporting $0.51 EPS and $2.10 billion in revenue, driven by strong core and international growth. Despite positive analyst ratings and upward revisions to price targets, the stock’s high P/E ratio around 44, coupled with recent insider selling, suggests potential limitations to near-term upside.
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Monster Beverage Corporation $MNST Shares Bought by Quantbot Technologies LP
Quantbot Technologies LP increased its stake in Monster Beverage Corporation (NASDAQ:MNST) by 31.1% in the third quarter, bringing their total holdings to 143,638 shares valued at $9.67 million. Monster Beverage recently surpassed Q4 earnings and revenue expectations, reporting $0.51 EPS and $2.10 billion in revenue, driven by strong core and international growth. Despite positive analyst ratings and upward revisions to price targets, the stock’s high P/E ratio around 44, coupled with recent insider selling, suggests potential limitations to near-term upside.