After this morning's 2.0% surge to $56.11 per share, Monster Beverage might just keep moving past its target price of $56.68. With an average analyst rating of buy, and target prices from $40.0 to $65.0, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 3.0%, and a short ratio of 2.89. The company's insiders own 28.78% 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 | $3,570,585,082 |
| 2024-12-31 | Blackrock Inc. | 5% | 51,649,465 | $2,898,051,512 |
| 2024-12-31 | Alliancebernstein L.P. | 4% | 40,331,809 | $2,263,017,827 |
| 2024-12-31 | State Street Corporation | 3% | 33,788,925 | $1,895,896,602 |
| 2024-12-31 | LOOMIS SAYLES & CO L P | 3% | 26,413,607 | $1,482,067,504 |
| 2024-12-31 | JPMORGAN CHASE & CO | 2% | 22,617,765 | $1,269,082,807 |
| 2024-12-31 | Janus Henderson Group PLC | 2% | 22,390,120 | $1,256,309,646 |
| 2024-12-31 | Capital World Investors | 2% | 20,157,348 | $1,131,028,808 |
| 2024-12-31 | FMR, LLC | 2% | 18,599,776 | $1,043,633,442 |
| 2024-12-31 | Geode Capital Management, LLC | 2% | 17,112,000 | $960,154,330 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Monster Beverage.
