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Investing

A Monster Stock Split (MNST)

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By Jon C. Ogg Published
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Is it 1999 again?  There is a stock split announcement from Monster Beverage Corporation (NASDAQ: MNST).  The company’s board of directors approved a stock split, on a 2-f0r-1 basis, for its common stock.

The split will be paid out as a 100% stock dividend and the payable date is February 15, 2012 for each share held as of the close of February 6, 2012. 

With a $92.40 share price and a 52-week trading range of $52.69 to $98.36, this is a stock split that might make sense even if fundamentally changes nothing.

Monster’s market capitalization rate is $8 billion as of now.  Chances are that if you haven’t seen Monster drinks around that you either haven’t been looking or that you have been hiding in a cave.

Shares closed down 3% at $92.40 today and the stock is up 1.7% in the after-hours trading session. After looking through the quote recap history, this appears to be the first stock split.

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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