Profile
Sector:
Consumer DefensiveIndustry:
Non-Alcoholic BeveragesCountry:
United StatesIPO:
09 December 1985Website:
http://www.monsterbevcorp.comNext earnings report:
02 August 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Mon, 01 Jul 2024 23:58:58 GMTDividend
Analysts recommendations
Institutional Ownership
MNST Latest News
Monster Beverage (MNST) sees strength in its energy drinks category. In addition, the company's expansion strategy bodes well.
Monster Beverage stock has fallen by up to 20%, presenting a buying opportunity. Tougher competition from Celsius in the energy drink sector is a concern, but Monster's market position and distribution network are strong. Fluctuations in raw material prices and a recent tender offer impact Monster's stock price, but long-term growth potential remains intact.
Monster Beverage (MNST) sees strength in its energy drinks category. In addition, the company's expansion strategy bodes well.
CORONA, Calif., June 10, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (“Monster”) (NASDAQ: MNST) announced today the final results of its modified “Dutch auction” tender offer, which expired at 11:59 p.m.
CORONA, Calif., June 06, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (“Monster”) (NASDAQ: MNST) announced today the preliminary results of its modified “Dutch auction” tender offer, which expired at 11:59 p.m., New York City time, on June 5, 2024.
CORONA, Calif., May 29, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (“Monster”) (NASDAQ: MNST) today announced that it is amending its previously announced modified “Dutch auction” tender offer to purchase shares of its common stock for cash at a price per share of not less than $53.00 and not greater than $60.00, for a maximum aggregate purchase price of up to $3.0 billion. The tender offer commenced on May 8, 2024, and will expire at 11:59 p.m., New York City time, on June 5, 2024, unless extended or earlier terminated by Monster.
Monster Beverage is optimistic about the performance of its energy drinks and believes its expansion plans will be beneficial.
Monster Beverage announced a 12% increase in revenue for the first quarter, attributed to consistent demand for their expensive juices and reduced freight expenses.
Monster Beverage announced that Rodney Sacks will be taking on reduced responsibilities as an executive at the company beginning next year.
Monster Beverage (MNST) is anticipated to show ongoing positive trends in the energy drinks sector in its Q1 results, despite facing increased costs for commodities and inflation.
What type of business is Monster Beverage?
Monster Beverage Corporation is one of the largest American companies manufacturing and selling energy drinks, with its headquarters located in Corona, California. The company was founded under the name Hansen's in 1935 in Southern California and initially sold juice products, then in 2012 the company was renamed Monster Beverage. Monster Beverage specializes in the sale and distribution of carbonated energy drinks, non-carbonated milk-based coffee, non-carbonated energy teas and cocktails, as well as concentrates for them. The products are sold under the brand names Monster Energy, Monster Energy Ultra, Monster Rehab, Monster MAXX, Muscle Monster, Espresso Monster, Juice Monster, Burn, and others.
What sector is Monster Beverage in?
Monster Beverage is in the Consumer Defensive sector
What industry is Monster Beverage in?
Monster Beverage is in the Non-Alcoholic Beverages industry
What country is Monster Beverage from?
Monster Beverage is headquartered in United States
When did Monster Beverage go public?
Monster Beverage initial public offering (IPO) was on 09 December 1985
What is Monster Beverage website?
https://www.monsterbevcorp.com
Is Monster Beverage in the S&P 500?
Yes, Monster Beverage is included in the S&P 500 index
Is Monster Beverage in the NASDAQ 100?
Yes, Monster Beverage is included in the NASDAQ 100 index
Is Monster Beverage in the Dow Jones?
No, Monster Beverage is not included in the Dow Jones index
When does Monster Beverage report earnings?
The next expected earnings date for Monster Beverage is 02 August 2024