Monster Beverage Corp
No SEC Form 4 filings for $MNST in the last 30 days.
Morningstar screened US-listed stocks under its coverage for newly overvalued names for the week ended May 22. It said 12 stocks moved to 2-star ratings and seven to 1-star. Examples: Apple (2 stars; 14% above $270 fair value), Lilly (2; 18% above $900), Intel (2; 33% above $90), Arm (1; 104% above $150), Bloom (1; 332% above $70).
Platt Wealth Management LLC has acquired a new stake in Monster Beverage Corporation (NASDAQ:MNST), purchasing 96,834 shares worth approximately $7.4 million, making it their third-largest holding. This comes as Monster Beverage reported strong fourth-quarter earnings, beating estimates with $0.58 EPS and 22.6% revenue growth, and announced a $500 million share buyback. Despite positive company performance and analyst ratings of "Moderate Buy," some insiders have been selling shares.
Cumberland Partners Ltd has significantly increased its stake in Monster Beverage Corporation (NASDAQ:MNST) by 46%, acquiring an additional 22,000 shares to own a total of 69,782 shares valued at approximately $5.35 million. This comes after Monster Beverage reported strong quarterly results, beating EPS and revenue estimates, and announced a $500 million share buyback program. Analyst sentiment remains largely positive with a "Moderate Buy" consensus rating and an average price target of $88.89 for MNST.
