MNST Stock Recent News

The best energy drink stocks to own are positioned to benefit from changing consumer trends and booming demand for caffeinated beverages. While coffee remains a popular caffeinated drink, energy drinks are growing at a much faster clip.

Monster Beverage Corp. said Wednesday it's moving ahead with a maximum $3 billion modified “Dutch auction” tender offer that the company's CEO said is part of a potential succession plan for next year.

Monster Beverage Corp.'s stock MNST, +0.83% rose 1.4% early Wednesday, after the energy drink company said it has commenced a modified Dutch auction tender offer for up to $3.0 billion of its outstanding stock. The company said it would pay cash at a price of no less than $53 and no more than $60 for the shares.

Monster Beverage (MNST) sees strength in its energy drinks category. In addition, the company's expansion strategy bodes well.

Monster Beverage reported a 12% jump in first-quarter revenue on Thursday, helped by steady demand for the energy drink maker's high-priced juices as well as easing freight costs.

Monster Beverage MNST, -0.28% said Rodney Sacks will be reducing his responsibilities as an executive of the company starting next year.

Monster Beverage (MNST) Q1 results are expected to reflect continued positive trends in the energy drinks category amid rising commodity costs and inflation.

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.

Monster Beverage Corp. was downgraded two notches to sell from buy at Truist Securities because the energy drink maker is no longer seen as a high-growth business, analysts said.

Monster Beverage (MNST) gains from strength in its energy drinks category and product innovations.