Monster Beverage shares rose 2.1% this morning to a price of $56.21. The stock is still trading within range of its average target price of $56.43, and over the last 52 weeks, it has recorded a -6.9% performance. Analysts have given the Large-Cap Beverages stock target prices ranging from $40.0 to $64.0 dollars per share, with an average rating of buy.
The stock has an average amount of shares sold short at 3.2%, and a short ratio of 3.3. The company's insiders own 28.96% 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 68.7% of Monster Beverage's shares being owned by this investor type.
Institutions Invested in Monster Beverage
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-12-31 | Vanguard Group Inc | 7% | 63,635,449 | $3,576,948,530 |
| 2024-12-31 | Blackrock Inc. | 5% | 51,649,465 | $2,903,216,380 |
| 2024-12-31 | Alliancebernstein L.P. | 4% | 40,331,809 | $2,267,050,946 |
| 2024-12-31 | State Street Corporation | 3% | 33,788,925 | $1,899,275,443 |
| 2024-12-31 | Loomis Sayles & Company, LP | 3% | 26,413,607 | $1,484,708,825 |
| 2024-12-31 | JP Morgan Chase & Company | 2% | 22,617,765 | $1,271,344,549 |
| 2024-12-31 | Janus Henderson Group PLC | 2% | 22,390,120 | $1,258,548,624 |
| 2024-12-31 | Capital World Investors | 2% | 20,157,348 | $1,133,044,512 |
| 2024-12-31 | FMR, LLC | 2% | 18,599,776 | $1,045,493,391 |
| 2024-12-31 | Geode Capital Management, LLC | 2% | 17,112,000 | $961,865,504 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Monster Beverage.
