Monster Beverage stock is trading -12.01% below its average target price of $54.89 after marking a 2.5% during today's morning session. Analysts are giving the Large-Cap Beverages company an average rating of buy and target prices ranging from $40.0 to $63.39 per share.
Monster Beverage's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.1%. The stock's short ratio is 3.04. The company's insiders own 28.41% 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 68.6%. In conclusion, we believe there is positive market sentiment regarding Monster Beverage.
Institutions Invested in Monster Beverage
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 7% | 65,653,177 | $3,171,048,399 |
| 2024-06-30 | Blackrock Inc. | 5% | 52,447,174 | $2,533,198,464 |
| 2024-06-30 | Alliancebernstein L.P. | 4% | 42,931,743 | $2,073,603,154 |
| 2024-06-30 | JP Morgan Chase & Company | 3% | 32,069,508 | $1,548,957,211 |
| 2024-06-30 | State Street Corporation | 3% | 31,574,011 | $1,525,024,707 |
| 2024-06-30 | FMR, LLC | 3% | 27,268,594 | $1,317,073,069 |
| 2024-06-30 | Loomis Sayles & Company, LP | 3% | 25,913,181 | $1,251,606,622 |
| 2024-06-30 | Capital World Investors | 2% | 20,448,512 | $987,663,113 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 15,254,668 | $736,800,452 |
| 2024-06-30 | Nuveen Asset Management, LLC | 2% | 14,773,672 | $713,568,346 |
