MNST Buyback

Monster Beverage Corporation Buyback

OLI recorded this information on 11/8/2023

Company:

Monster Beverage Corporation

Buyback:

MNST buyback

$Amount Authorized:

$500,000,000

Buyback Details:

Monster Beverage Corporation (NASDAQ:MNST) today announced that its Board of Directors has authorized a new share repurchase program for the repurchase of up to an additional $500.0 million of the Company's outstanding common stock. As of November 7, 2023, approximately $282.8 million remained available for repurchase under the Company's previously authorized repurchase program. The Company expects to make the share repurchases from time to time in the open market, through privately-negotiated transactions, by block-purchase or through other transactions managed by broker-dealers, or otherwise, subject to applicable laws, regulations and approvals. The timing of the share repurchases will depend on a variety of factors, including market conditions, and the share repurchases may be suspended or discontinued at any time.

Monster Beverage is a holding company. Through its subsidiaries, Co. develops, markets, sells and distributes energy drink beverages and concentrates for energy drink beverages. Co.'s segments are: Monster Energy® Drinks, which is comprised of Monster Energy® drinks, Reign Total Body Fuel® energy drinks, Monster® Tour Water™ and True North® Pure Energy Seltzers; Strategic Brands, which is comprised of various energy drink brands acquired from The Coca-Cola Company; Alcohol Brands, which is comprised of the various craft beers and hard seltzers; and Other, which is comprised of certain products sold by Co.'s subsidiary, American Fruits and Flavors LLC), to independent third-party customers.

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MNST — Key Stats (updated 9 hours, 46 minutes ago)

Company Name:	Monster Beverage Corp (New)
Stock buyback:	MNST buyback
Website:	www.monsterbevcorp.com
Sector:	Beverages & Wineries
Number of ETFs Holding MNST:	93
Total Market Value Held by ETFs:	$6.12B
Total Market Capitalization:	$55.31B
% of Market Cap. Held by ETFs:	11.06%

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Monster Beverage Corporation Buyback

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