Understanding the Tailwind Behind Monster Beverage Shares.

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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.