Monster Beverage stock is trading -22.93% below its average target price of $62.32 after dropping -1.4% during today's afternoon session. Analysts are giving the Large-Cap Beverages company an average rating of buy and target prices ranging from $46.0 to $70.0 per share.
The stock has an average amount of shares sold short at 2.0%, and a short ratio of 2.29. The company's insiders own 26.79% 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 68.9% of Monster Beverage's shares being owned by this investor type.
Institutions Invested in Monster Beverage
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 6% | 64,741,352 | $3,109,527,057 |
| 2024-03-31 | Blackrock Inc. | 5% | 52,756,286 | $2,533,884,352 |
| 2024-03-31 | Alliancebernstein L.P. | 4% | 45,929,233 | $2,205,981,004 |
| 2024-03-31 | State Street Corporation | 3% | 33,469,038 | $1,607,517,854 |
| 2024-03-31 | FMR, LLC | 3% | 28,656,823 | $1,376,387,173 |
| 2024-03-31 | Loomis Sayles & Company, LP | 2% | 25,703,394 | $1,234,533,982 |
| 2024-03-31 | JP Morgan Chase & Company | 2% | 23,499,550 | $1,128,683,357 |
| 2024-03-31 | Capital World Investors | 2% | 21,017,256 | $1,009,458,780 |
| 2024-03-31 | Wellington Management Group, LLP | 2% | 19,128,537 | $918,743,608 |
| 2024-03-31 | Nuveen Asset Management, LLC | 2% | 16,477,362 | $791,407,676 |
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on Monster Beverage.
