HSBC Securities analysts initates a Buy rating for Monster Beverage Corporation (MNST)


In a filing, Monster Beverage Corporation revealed its Director Demel Ana unloaded Company’s shares for reported $6640.0 on Aug 21. In the deal valued at $57.24 per share,116 shares were sold. As a result of this transaction, Demel Ana now holds 0 shares worth roughly $ 0.0.

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Then, HALL MARK J sold 56,202 shares, generating $3,305,240 in total proceeds. Upon selling the shares at $58.81, the Director now owns 1,027,840 shares.

Before that, VIDERGAUZ MARK sold 5,000 shares. Monster Beverage Corporation shares valued at $295,000 were divested by the Director at a price of $59.00 per share. As a result of the transaction, VIDERGAUZ MARK now holds 84,270 shares, worth roughly $4.72 million.

HSBC Securities initiated its Monster Beverage Corporation [MNST] rating to a Buy in a research note published on Tuesday, August 14, 2023; the price target was $72. PT values the company’s stock at a premium of 22.28 to its Tuesday closing price.

Price Performance Review of MNST

On Tuesday, Monster Beverage Corporation [NASDAQ:MNST] saw its stock fall -1.04% to $55.96. On the same session, the stock had its day’s lowest price of $55.375, but rose to a high of $56.47. Over the last five days, the stock has lost -3.03%. Monster Beverage Corporation shares have risen nearly 10.23% since the year began. Nevertheless, the stocks have risen 25.75% over the past one year. While a 52-week high of $60.47 was reached on 05/05/23, a 52-week low of $42.81 was recorded on 03/01/23. SMA at 50 days reached $57.41, while 200 days put it at $54.30. A total of 6.21 million shares were traded, compared to the trading of 4.96 million shares in the previous session.

Levels Of Support And Resistance For MNST Stock

The 24-hour chart illustrates a support level at 55.40, which if violated will result in even more drops to 54.84. On the upside, there is a resistance level at 56.49. A further resistance level may holdings at 57.03. The Relative Strength Index (RSI) on the 14-day chart is 40.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.80%. Stochastics %K at 6.86% indicates the stock is a buying.

How much short interest is there in Monster Beverage Corporation?

A steep rise in short interest was recorded in Monster Beverage Corporation stocks on Aug 14, 2023, growing by 0.88 million shares to a total of 12.32 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 11.44 million shares. There was a rise of 7.14%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.87% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.49.

Monster Beverage Corporation [MNST] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 60,326,760 shares, or roughly 5.76% of the outstanding MNST shares. In other words, the investor’s shares have risen by 476,342 from its previous 13-F filing of 59850418.0. Additionally, AllianceBernstein LP decreased -1.85% of its stake after which the total value it holdings stand at $2,137,148,495, while BlackRock Fund Advisors added 0.19% of its stake to hold $2.02 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 682,650 shares of Monster Beverage Corporation, while Fidelity Management & Research Co bought -1,513,891 shares. At present, Loomis, Sayles & Co. LP is holding 27,203,495 shares valued at $1.56 billion. JPMorgan Investment Management, I owned 23,262,067 shares of the company at the time of its most recent 13F filing, worth $1.34 billion.

According to FactSet, Monster Beverage Corporation’s share price will average $63.47 in the next year, based on opinions of analysts polled by the firm. This is up nearly 11.41 percent from its previous closing price of $56.55. Analysts expect Monster Beverage Corporation stock to reach the higher price of $72.00, while the lowest price estimate is $57.00. However, 25 analysts have rated MNST stock as an Overweight in their predictions for 2023.


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