The Attraction Behind MNST Stock – What's Driving the Demand?

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
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.