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Capital International Ltd. CA Sells 52,855 Shares of Monster Beverage Corporation $MNST
Capital International Ltd. CA has reduced its stake in Monster Beverage Corporation (NASDAQ:MNST) by 27.6%, selling 52,855 shares in the third quarter. Despite this, several other institutional investors, including Vanguard Group Inc. and State Street Corp, increased their holdings in the company. Monster Beverage reported strong earnings, exceeding analyst estimates, and has a “Moderate Buy” consensus rating from analysts with an average price target of $84.14.