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Monster Beverage Fell 3.1%, L’Oréal Acquired Raylon

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Jan. 12 2016, Updated 4:46 p.m. ET

Monster Beverage’s price movement

After its rise in volume, Monster Beverage (MNST) fell by 3.1% to close at $144.34 as of January 4, 2016. Its price movements on a weekly, monthly, and year-to-date (or YTD) basis are -3.2%, -7.8%, and -3.2%, respectively.

Currently, MNST is trading 3.1% below its 20-day moving average, 2.7% below its 50-day moving average, and 3.1% above its 200-day moving average.

The PowerShares DWA Consumer Staples Momentum ETF (PSL) invests 4.4% of its holdings in Monster Beverage. The ETF tracks an index of US consumer cyclical companies selected and weighted by price momentum.

Competitors of Monster Beverage and their market capitalizations are as follows:

  • PepsiCo (PEP) — $141.6 billion
  • The Coca-Cola Company (KO) — $180.5 billion
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Performance of Monster Beverage in fiscal 3Q15

Monster Beverage reported fiscal 3Q15 net sales of $756.6 million, a rise of 19.0% compared to $636.0 million in fiscal 3Q14. Its net income and EPS (earnings per share) rose to $174.6 million and $0.84, respectively, in fiscal 3Q15, compared to $121.6 million and $0.70, respectively, in fiscal 3Q14.

Rodney Sacks, Monster Beverage’s chairman and chief executive officer, and Hilton Schlosberg, Monster Beverage’s vice chairman and president, will host an investor meeting on January 12, 2016, to provide an update on the company’s business and operations.

L’Oréal USA’s acquisition of Raylon

L’Oréal (LRLCY) has a market capitalization of $90.9 billion. LRLCY fell 2.5% to close at $32.9 per share as of January 4, 2016.

The Vanguard FTSE Europe ETF (VGK) invests 0.28% of its holdings in L’Oréal. The ETF tracks the FTSE Developed Europe Index, a market-cap–weighted index of European securities.

L’Oréal USA has signed an agreement to acquire key assets of Raylon owned by the Hafetz family. This acquisition will expand SalonCentric’s distribution coverage of professional salon products in Pennsylvania, New Jersey, Delaware, West Virginia, and New York.

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