MNST
Another fund decided Monster still has juice
Assetmark Inc. didn’t exactly make a tiny nibble here — it added 77,527 shares of Monster Beverage, lifting its stake by 17.9% to about 511,000 shares. At roughly $39.2 million, that’s not couch-cushion change.
Why you should care
When institutions keep adding after a stock has already had a decent run, it usually means they still see runway left in the energy-drink machine. Monster’s latest quarter gave them a decent excuse: EPS came in at $0.51 versus $0.49 expected, and revenue hit $2.10 billion, up 17.6% year over year.
The vibe check on Monster
The stock is sitting around a $73.4 billion market cap with a P/E near 38.7, so nobody’s pretending this is a bargain-bin snack. But the company’s 22.97% net margin and steady analyst support — Moderate Buy, with an average target around $83.38 — suggest the Street still thinks Monster has some punch left.
Big picture
This isn’t a fireworks headline, but it is the kind of steady institutional buying that can quietly support a stock. If funds keep topping up while earnings keep beating, Monster’s “energy drink for grown-ups” story stays pretty intact.