Monster Beverage Board Authorizes New $500.0 Million Share Repurchase Program
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Analysts Bullish on Monster (MNST) After Investor Day
June 15, 2022 11:51 AM EDTMonster Beverage (NASDAQ: MNST) hosted its virtual Annual Shareholder Meeting on Tuesday afternoon.
The company said it is not seeing much change in consumer behavior at this point, with no major change to US trends. However, there was some weakness in Europe in April, although it has improved since.
In addition, management said it understands Red Bull is taking 7% pricing and probably around the same time as Monster.
Further, the company announced a $500 million share repurchase plan.
Here is how Wall Street analysts saw yesterday's... More
