This morning we watched Monster Beverage rise 1.2% to a price of $49.75 per share. The Large-Cap Beverages company is now trading -17.62% below its average target price of $60.39. Analysts have set target prices ranging from $46.0 to $70.0 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 4.6%. The stock's short ratio is 2.11. The company's insiders own 26.79% 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 68.8%. In conclusion, we believe there is positive market sentiment regarding Monster Beverage.
Institutions Invested in Monster Beverage
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 6% | 64,741,352 | $3,220,882,262 |
| 2024-03-31 | Blackrock Inc. | 5% | 52,756,286 | $2,624,625,228 |
| 2024-03-31 | Alliancebernstein L.P. | 4% | 45,929,233 | $2,284,979,341 |
| 2024-03-31 | State Street Corporation | 3% | 33,469,038 | $1,665,084,640 |
| 2024-03-31 | FMR, LLC | 3% | 28,656,823 | $1,425,676,944 |
| 2024-03-31 | Loomis Sayles & Company, LP | 2% | 25,703,394 | $1,278,743,851 |
| 2024-03-31 | JP Morgan Chase & Company | 2% | 23,499,550 | $1,169,102,612 |
| 2024-03-31 | Capital World Investors | 2% | 21,017,256 | $1,045,608,486 |
| 2024-03-31 | Wellington Management Group, LLP | 2% | 19,128,537 | $951,644,715 |
| 2024-03-31 | Nuveen Asset Management, LLC | 2% | 16,477,362 | $819,748,759 |
