SCHEDULE 13G/A: AllianceBernstein L.P. Discloses Passive 4.15% Stake in Monster Beverage Corp
Beneficial Ownership Disclosure
AllianceBernstein L.P. has filed an amended Schedule 13G, revealing a passive beneficial ownership of 4.15% of Monster Beverage Corp's common stock as of December 31, 2024.
Summary
- AllianceBernstein L.P. reported beneficial ownership of 40,373,639 shares of Monster Beverage Corp common stock.
- This represents 4.15% of the total class of securities.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously filed statement.
- The shares are held in the ordinary course of business for client discretionary investment advisory accounts.
- AllianceBernstein L.P. certifies that the shares were not acquired or held for the purpose of changing or influencing control of Monster Beverage Corp.
- As of December 31, 2024, AllianceBernstein L.P. held sole voting power over 38,798,896 shares and sole dispositive power over 40,309,512 shares, with shared dispositive power over 22,297 shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing disclosing an institutional investor's passive ownership stake, providing no positive or negative operational or financial news about the issuer.
Positives
- The filing indicates a significant institutional investor, AllianceBernstein L.P., holds a substantial stake in Monster Beverage Corp, potentially signaling confidence in the company's long-term prospects.
- The passive nature of the investment (Schedule 13G) suggests that AllianceBernstein L.P. is not seeking to influence or change the control of Monster Beverage Corp, which can be viewed as a stable, long-term investment.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's stake, which is held for investment purposes and not control. This can be viewed as a vote of confidence from a large investor.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (ownership snapshot date). |
| 02/13/2025 | Date of filing of the Schedule 13G Amendment No. 1. |
Keywords
Monster Beverage Corp, AllianceBernstein L.P., SEC filing, Schedule 13G, Beneficial ownership, Common Stock, Institutional investor, Passive investment, MNST
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