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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offer, a total of approximately 77,418,093 shares of Monster's common stock were validly tendered and not validly withdrawn at a purchase price of $53.00 per shar ...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offer, a total of approximately 77,418,093 shares of Monster’s common stock were validly tendered and not validly withdrawn at a purchase price of $53.00 per sha ...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 ...
Monster(MNST) - 2024 Q1 - Quarterly Report
2024-05-07 19:24
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 Commission File Number 001-18761 MONSTER BEVERAGE CORPORATION (Exact name of registrant as specified in its charter) Delaware 47-1809393 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1 Monster Way Corona, California 92879 (A ...
Monster(MNST) - 2024 Q1 - Earnings Call Transcript
2024-05-03 00:27
Monster Beverage Corporation (NASDAQ:MNST) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Rodney Sacks - Co-Chief Executive Officer and Chairman Hilton Schlosberg - Vice Chairman and Co-CEO Thomas Kelly - Chief Financial Officer Conference Call Participants Filippo Falorni - Citi Andrea Teixeira - JPMorgan Peter Grom - UBS Christopher Carey - Wells Fargo Bonnie Herzog - Goldman Sachs Kaumil Gajrawala - Jefferies Michael Lavery - Piper Sandler Mark Astrachan - Stifel Operator Go ...
Monster(MNST) - 2024 Q1 - Quarterly Results
2024-05-02 20:13
Exhibit 99.1 PondelWilkinson Inc. 2945 Townsgate Road, Suite 200 Westlake Village, CA 91361 Investor Relations T (310) 279 5980 Strategic Public Relations W www.pondel.com CONTACTS: Rodney C. Sacks Chairman and Co-Chief Executive Officer (951) 739-6200 Hilton H. Schlosberg NEWS Vice Chairman and Co-Chief Executive Officer RELEASE (951) 739-6200 Roger S. Pondel / Judy Lin PondelWilkinson Inc. (310) 279-5980 MONSTER BEVERAGE REPORTS 2024 FIRST QUARTER RESULTS -- Record First Quarter Net Sales Rise 11.8 Percen ...
Will Energy Drinks Aid Monster Beverage's (MNST) Q1 Earnings?
Zacks Investment Research· 2024-05-01 17:06
Monster Beverage Corporation (MNST) is expected to report first-quarter 2024 results on May 2, after the closing bell. The beverage company is anticipated to have witnessed revenue and earnings growth in the to-be-reported quarter.The Zacks Consensus Estimate for first-quarter revenues is pegged at $1.92 billion, indicating growth of 13.1% from the figure reported in the year-ago quarter. The consensus estimate for earnings of 44 cents per share suggests growth of 15.8% from the year-ago quarter’s actual. T ...
Monster Beverage to Report Financial Results for 2024 First Quarter on May 2, 2024
Newsfilter· 2024-04-26 12:00
CORONA, Calif., April 26, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) announced today that results for its first quarter ended March 31, 2024, will be reported on Thursday, May 2, 2024, after the close of the market. The company also said that Co-Chief Executive Officers, Rodney Sacks and Hilton Schlosberg, will host an investor conference call that same day at 2 p.m. Pacific Time to review the company's financial results and operations. The call will be open to all interested invest ...