Will Monster Beverage’s Buyback Make These Top Institutional Shareholders Happy?
After exhausting its previously authorized share buyback program worth $250 million, Monster Beverage Corporation (NASDAQ:MNST) directors have put in place a new share repurchase program of up to $200 million of outstanding common stock.
These institutional firms indicated owning shares of Monster Beverage in Q1 2013. They reported owning a total of 110,998 shares on 03/31/2013. The shares closed at $47.74 on 03/31/2013.
Here are the six largest positions in Monster Beverage at the end of March 31, 2013.
Shell Asset Management held 46,301 shares on 03/31/2013 worth $1,635,000.
First Citizens Bank & Trust held 24,086 shares on 03/31/2013 worth $1,150,000.
Acropolis Investment Management held 22,185 shares on 03/31/2013 worth $1,059,111,900.
Fulton Bank held 9,285 shares on 03/31/2013 worth $444,000.
Creative Planning held 8,541 shares on 03/31/2013 worth $408,000.
LS Investment Advisors held 600 shares on 03/31/2013 worth $29,000.
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