Monster Beverage authorizes $500M buyback
Monster Beverage (NASDAQ:MNST) hasÂ authorized a new share repurchase program of up to an additional $500M worth stock. 
As of June 14, 2022, ~$157.4M remained available for repurchase under the companyâs previously authorized repurchase program.Â 
Company has a market cap of ~$46B and has drooped about 9% YTD.
Current ownership structure looks as follows:
StockÂ +1.5%Â post-market