Understanding the Decline in MNST Stock Today

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.

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.