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Monster Beverage: A Strategic Buy During Market Lows (Rating Upgrade)
Seeking Alpha· 2024-06-25 08:00
jetcityimage Introduction About six months ago, I published my investment thesis on Monster Beverage (NASDAQ:MNST) (link here), and since then, a series of news events have caused the stock to move like a roller coaster. However, from my perspective, I believe Monster's long-term potential remains intact, and now more than ever, I think we are facing one of the best times to buy shares of this great compounder in recent years. Monster's stock has recently fallen by up to 20%, making it even more relevan ...
Monster Beverage Corporation Announces Final Results of Tender Offer
Newsfilter· 2024-06-10 11:30
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., New York City time, on June 5, 2024. Based on the final count by Equiniti Trust Company, LLC, the depositary for the tender offer, a total of 119,018,767 shares of Monster's common stock were validly tendered and not validly withdrawn at the final purchase price of $53.00 per share or as purchase ...
Monster Beverage Corporation Announces Final Results of Tender Offer
GlobeNewswire News Room· 2024-06-10 11:30
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., New York City time, on June 5, 2024. Based on the final count by Equiniti Trust Company, LLC, the depositary for the tender offer, a total of 119,018,767 shares of Monster’s common stock were validly tendered and not validly withdrawn at the final purchase price of $53.00 per share or as purchase ...
Monster Beverage Announces Webcast Details for Annual Meeting of Stockholders
Newsfilter· 2024-06-06 20:00
CORONA, Calif., June 06, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) announced today that the Company will host a live webcast of its Annual Meeting of Stockholders on Thursday, June 13, 2024. The live webcast will start at 2:30 p.m. Pacific Time. A live webcast of the Annual Meeting can be accessed through www.virtualshareholdermeeting.com/MNST2024.For those who are not able to listen to the live webcast, the event will be archived for approximately one year on the Company's website ...
Monster Beverage Announces Webcast Details for Annual Meeting of Stockholders
GlobeNewswire News Room· 2024-06-06 20:00
CORONA, Calif., June 06, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) announced today that the Company will host a live webcast of its Annual Meeting of Stockholders on Thursday, June 13, 2024. The live webcast will start at 2:30 p.m. Pacific Time. A live webcast of the Annual Meeting can be accessed through www.virtualshareholdermeeting.com/MNST2024.For those who are not able to listen to the live webcast, the event will be archived for approximately one year on the Company’s website ...
Monster Beverage Corporation Announces Preliminary Results of Tender Offer
Newsfilter· 2024-06-06 11:30
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. Based on the preliminary count by Equiniti Trust Company, LLC, the depositary for the tender offer, a total of approximately 77,418,093 shares of Monster's common stock were validly tendered and not validly withdrawn at a purchase price of $53.00 per shar ...
Monster Beverage Corporation Announces Preliminary Results of Tender Offer
GlobeNewswire News Room· 2024-06-06 11:30
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. Based on the preliminary count by Equiniti Trust Company, LLC, the depositary for the tender offer, a total of approximately 77,418,093 shares of Monster’s common stock were validly tendered and not validly withdrawn at a purchase price of $53.00 per sha ...
Monster Beverage Corporation Waives Financing Condition for Modified Dutch Auction Tender Offer to Purchase Up to $3.0 Billion of Its Outstanding Common Stock
Newsfilter· 2024-05-29 23:08
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 extende ...
Monster Beverage Corporation Waives Financing Condition for Modified Dutch Auction Tender Offer to Purchase Up to $3.0 Billion of Its Outstanding Common Stock
globenewswire.com· 2024-05-29 23:08
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 extend ...
Monster Beverage: Premium Brands Supporting Premium Valuation
seekingalpha.com· 2024-05-16 03:19
Jack Taylor Monster Beverage (NASDAQ:MNST) is a significant energy drink market player. They are innovative, have strong brands, and have made strategic decisions such as partnering with Coca-Cola (KO) to create a wide moat. They rank high on all quality measures, including growth, profitability, and returns, and have maintained a strong balance sheet. Excluding unfavorable currency exchange rates (Argentina ~300% inflation rate) 1Q24 revenues increased by 12.6%. The company has a strong balance sheet with ...