This morning we watched Monster Beverage drop -1.3% to a price of $55.06 per share. The large-cap Beverages company is now trading -11.45% below its average target price of $62.18. 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.
Monster Beverage's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.7%. The stock's short ratio is 2.74. The company's insiders own 28.07% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 68.1%. In conclusion, we believe there is positive market sentiment regarding Monster Beverage.
Institutions Invested in Monster Beverage
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 6% | 63,491,955 | $3,495,867,129 |
| 2023-06-30 | Blackrock Inc. | 5% | 53,324,053 | $2,936,022,431 |
| 2023-06-30 | FMR, LLC | 4% | 39,453,041 | $2,172,284,491 |
| 2023-06-30 | Alliancebernstein L.P. | 4% | 37,174,265 | $2,046,815,081 |
| 2023-06-30 | State Street Corporation | 3% | 34,684,521 | $1,909,729,773 |
| 2023-06-30 | JP Morgan Chase & Company | 3% | 29,760,640 | $1,638,620,879 |
| 2023-06-30 | Loomis Sayles & Company, LP | 3% | 27,203,495 | $1,497,824,472 |
| 2023-06-30 | Capital World Investors | 2% | 21,587,295 | $1,188,596,492 |
| 2023-06-30 | Nuveen Asset Management, LLC | 2% | 18,321,200 | $1,008,765,297 |
| 2023-06-30 | Price (T.Rowe) Associates Inc | 2% | 17,638,324 | $971,166,143 |
