Monster Beverage Corporation (NASDAQ: MNST) announced its board of directors authorized a new share repurchase program for up to $500 million of the company's outstanding common stock.

The Corona, California-based company reported that approximately $400 million remained available under its previously authorized repurchase program as of May 14, 2026.

Monster Beverage stated it expects to conduct share repurchases through various methods, including open market transactions, privately-negotiated deals, block purchases, or other transactions managed by broker-dealers, subject to applicable laws and regulations.

The company indicated the timing of share repurchases will depend on market conditions and other factors. The repurchase program may be suspended or discontinued at any time, according to the announcement.

Monster Beverage Corporation operates as a holding company through its consolidated subsidiaries, which develop and market energy drinks including Monster Energy, Reign Total Body Fuel, Bang Energy, and NOS brands. The company's subsidiaries also produce craft beers, flavored malt beverages, and hard seltzers.