This afternoon we watched Monster Beverage rise 1.3% to a price of $58.44 per share. The large-cap Beverages company is now trading -6.37% below its average target price of $62.41. Analysts have set target prices ranging from $51.5 to $72.0 per share for Monster Beverage, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.9%, and a short ratio of 2.49. The company's insiders own 28.07% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 68.1% of Monster Beverage's shares being owned by this investor type.
Institutions Invested in Monster Beverage
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 6% | 63,491,955 | $3,710,152,477 |
| 2023-06-30 | Blackrock Inc. | 5% | 53,324,053 | $3,115,991,110 |
| 2023-06-30 | FMR, LLC | 4% | 39,453,041 | $2,305,438,505 |
| 2023-06-30 | Alliancebernstein L.P. | 4% | 37,174,265 | $2,172,278,226 |
| 2023-06-30 | State Street Corporation | 3% | 34,684,521 | $2,026,790,032 |
| 2023-06-30 | JP Morgan Chase & Company | 3% | 29,760,640 | $1,739,063,039 |
| 2023-06-30 | Loomis Sayles & Company, LP | 3% | 27,203,495 | $1,589,636,267 |
| 2023-06-30 | Capital World Investors | 2% | 21,587,295 | $1,261,453,612 |
| 2023-06-30 | Nuveen Asset Management, LLC | 2% | 18,321,200 | $1,070,599,347 |
| 2023-06-30 | Price (T.Rowe) Associates Inc | 2% | 17,638,324 | $1,030,695,487 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Monster Beverage.
