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
|2023-06-30||Vanguard Group Inc||6%||63,491,955||$3,495,867,129|
|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|