Capital World Investors Reduces Stake in Monster Beverage Corporation $MNST

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Capital World Investors significantly reduced its stake in Monster Beverage Corporation (NASDAQ:MNST) by 33.4% in the third quarter, selling over 3.6 million shares. Despite this reduction, other large institutional investors like Bank of Montreal Can, Legal & General Group Plc, and Vestcor Inc. increased their positions in the company. Monster Beverage reported strong quarterly earnings, beating analyst estimates with $0.51 EPS and a 17.6% revenue increase.

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