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.
Monster Beverage SEC Filing Email Alerts Service
Open the MNST Page at The Online Investor »
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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Open the MNST Page at The Online Investor (in a new window) »