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MONSTER BEVERAGE CORPORATION

(MNST)
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Monster Beverage exploring merger with Constellation Brands - source

11/21/2021 | 08:49pm EST

Nov 21 (Reuters) - Energy drinks maker Monster Beverage Corp is discussing a merger with international beverage alcohol company Constellation Brands Inc, a source familiar with the matter told Reuters on Sunday.

The structure of a potential deal involving the companies, which have a combined market value of nearly $92 billion, was not immediately known.

Bloomberg News, which first reported https://bloom.bg/3cCxTCG the plans on Sunday, said Monster Beverage has discussed a potential deal with advisers, citing people who requested not to be identified.

It was unclear if discussions will lead to a full merger or asset deal, the Bloomberg News report added.

Monster Beverage did not immediately respond to a Reuters request for comment. Constellation Brands told Reuters it does not respond to rumors or speculation.

As of Friday, the market capitalization of Monster Beverage was $47.3 billion while the market capitalization of Constellation Brands was $44.2 billion.

New York-based Constellation Brands has a diverse portfolio which includes brands like Corona Extra, Modelo Especial, Kim Crawford as well as SVEDKA vodka and High West Whiskey in the United States.

Monster Beverage Corporation, which has Coca-Cola as a major shareholder, develops and markets energy drinks brands like Monster Energy, Burn Energy Drink and Full Throttle Energy Drink.

The energy drink maker had reported increased net sales two weeks ago despite the pandemic although it still experienced supply chain challenges, shortages of shipping containers, freight inefficiencies in the United States and Europe, Middle East and Africa region.

Coca-Cola agreed earlier this month to buy the remaining stake in BodyArmor it did not already own for $5.6 billion. (Reporting by Anirudh Saligrama, Juby Babu, Sneha Bhowmik in Bengaluru and Greg Roumeliotis in New York; Editing by Jacqueline Wong and Muralikumar Anantharaman)


ę Reuters 2021
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Analyst Recommendations on MONSTER BEVERAGE CORPORATION
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Financials (USD)
Sales 2021 5 443 M - -
Net income 2021 1 382 M - -
Net cash 2021 2 400 M - -
P/E ratio 2021 33,6x
Yield 2021 -
Capitalization 45 876 M 45 876 M -
EV / Sales 2021 7,99x
EV / Sales 2022 7,18x
Nbr of Employees 3 340
Free-Float -
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Technical analysis trends MONSTER BEVERAGE CORPORATION
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 86,70 $
Average target price 104,00 $
Spread / Average Target 20,0%
EPS Revisions
Managers and Directors
Rodney Cyril Sacks Chairman & Co-Chief Executive Officer
Hilton Hiller Schlosberg Vice Chairman & Co-Chief Executive Officer
Thomas J. Kelly CFO & Principal Accounting Officer
Gary P. Fayard Independent Director
Benjamin M. Polk Independent Director
Sector and Competitors