Monster Beverage acquires Canarchy Craft Brewery Collective for $330M

  • Monster Beverage Corporation (NASDAQ:MNST) is acquiring CANarchy Craft Brewery Collective LLC, a craft beer and hard seltzer company for $330M in cash.
  • The transaction is expected to close in 1Q22.
  • The acquisition will bring the Cigar City, Oskar Blues, Deep Ellum, Perrin Brewing, Squatters and Wasatch brands to the Monster beverage portfolio but does not include CANarchy's stand-alone restaurants.
  • CANarchy will function independently, retaining its own organizational structure and team, led by Tony Short.
  • 'The addition of CANarchy and its brands to the Monster beverage portfolio represents an excellent opportunity to further grow our already robust product offerings," added Monster's Chairman and Co-Chief Executive Officer, Rodney Sacks. 'We are excited to build and expand upon CANarchy's existing brands with innovative new products."

    Over the current book year the total revenue will be 5.44 billion USD (consensus estimates). This is quite more than 2021's revenue of 4.6 billion USD.

    Historical revenues and results Monster Beverage Corp plus estimates 2021

    historische koersen

    The analysts expect for 2021 a net profit of 1.38 billion USD. According to most of the analysts the company will have a profit per share for this book year of 2.58 USD. The price-earnings-ratio equals 31.84.

    Analysts don't expect the company to pay a dividend. The average dividend yield of the beverage companies is a relatively high 1.7 percent.

    Based on the current number of outstanding shares Monster Beverage Corp 's market capitalization is 44.08 billion USD. -11

    On Thursday the stock closed at 82.14 USD.

    Historical stock prices Monster Beverage Corp from 2007 till 2021

    historical stocks monsterbeveragecorp

    ValueSpectrum.com News Wire & Equity Research: +31 084-0032-842
    news@valuespectrum.com

    Copyright analist.nl B.V.
    All rights reserved. Any redistribution, duplication or archiving prohibited. analist.nl doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.

    • Sector news
    Currently quite high dividend Pernod-Ricard
    Miko op record hunt according analysts
    PepsiCo op record hunt according analysts
    Analysts: Miko on steam for record sales
    Analysts foresee record year for Miko
    Analysts are counting on record year Pernod-Ricard
    Brown Forman this year on track for record sales
    National news
    How big a problem is Nvidia’s antitrust probe?
    J. M. Smucker among highest dividend stocks in America
    Analysts foresee more revenue CSX
    Chevron in top American dividend returns
    Analysts anticipate for 2024 on revenue increase Autodesk
    Analysts expect revenue increase Ralph Lauren Corp
    Analysts anticipate for 2024 on revenue increase Dollar Tree
    Press news
    Adler Group S.A. announces the completion of the comprehensive recapitalisation
    Lehman Brothers UK Cap Fdg II LP : Notice to the Holders of the Preferred Securities
    Lehman Brothers UK Cap Fdg III LP: Notice to the Holders of the Preferred Securities
    Lehman Brothers UK Cap Fdg IV LP: Notice to the Holders of the Preferred Securities
    Lehman Brothers UK Cap Fdg V LP: Notice to the Holders of the Preferred Securities
    McChrystal Group, Intact Technology Announce Partnership to Revolutionize Federal Talent Management
    Dividend Declaration
    Logoanalist
    Returns European stocks
    Crypto currencies information
    About us Network Partners
    Fpgroup.nlinfo@analist.nlRSS feedContactIntellectual Property Photos Analist.nlLinksISIN
  • Glossary
    		• MorningstarPrudena.comAAII.comNASDAQvwd GroupEuronextBATS Chi-xBats
    ©2024 ValueSpectrum. All Rights Reserved
    Developed and maintained by  Velainn logo