Insider Group Amends Monster Beverage Stake
Ticker: MNST · Form: SC 13D/A · Filed: Feb 23, 2024 · CIK: 865752
| Field | Detail |
|---|---|
| Company | Monster Beverage CORP (MNST) |
| Form Type | SC 13D/A |
| Filed Date | Feb 23, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.005 |
| Sentiment | neutral |
Sentiment: neutral
Topics: insider-ownership, amendment, beneficial-ownership
TL;DR
**Key insiders just updated their Monster Beverage ownership, watch for potential shifts!**
AI Summary
This SC 13D/A filing, dated February 23, 2024, indicates an amendment to a Schedule 13D filing by a group of entities including Brandon Limited Partnership No. 2, various Hilrod Holdings L.P. entities, Hilton Hiller Schlosberg, and Rodney Cyril Sacks, regarding their ownership in Monster Beverage Corp. The filing updates information about the reporting group's beneficial ownership in the company, which operates under SIC code 2086 (Bottled & Canned Soft Drinks).
Why It Matters
This filing signals a change in the reported beneficial ownership by a significant insider group, which could influence investor perception of Monster Beverage Corp's stability and future direction.
Risk Assessment
Risk Level: low — The filing is an amendment to a Schedule 13D, indicating a change in beneficial ownership reporting rather than a new, immediate, high-impact event.
Key Players & Entities
- Monster Beverage Corp (company) — Subject Company
- Brandon Limited Partnership No. 2 (company) — Group Member
- Hilrod Holdings IV, L.P. (company) — Group Member
- Hilton Hiller Schlosberg (person) — Group Member
- Rodney Cyril Sacks (person) — Group Member
FAQ
What is the purpose of this SC 13D/A filing?
This SC 13D/A filing is an amendment to a previously filed Schedule 13D, updating information regarding beneficial ownership in Monster Beverage Corp by the reporting group.
Who are the primary individuals listed as group members in this filing?
The primary individuals listed as group members are Hilton Hiller Schlosberg and Rodney Cyril Sacks.
What is the Central Index Key (CIK) for Monster Beverage Corp?
The Central Index Key (CIK) for Monster Beverage Corp is 0000865752.
When was this SC 13D/A filed?
This SC 13D/A was filed on February 23, 2024.
What is the Standard Industrial Classification (SIC) for Monster Beverage Corp?
Monster Beverage Corp's Standard Industrial Classification (SIC) is 2086, which corresponds to BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS.
Filing Stats: 4,574 words · 18 min read · ~15 pages · Grade level 10.8 · Accepted 2024-02-23 20:49:24
Key Financial Figures
- $0.005 — relating to the common stock, par value $0.005 per share (“ Common Stock ”
Filing Documents
- tm247139d1_sc13da.htm (SC 13D/A) — 367KB
- tm247139d1_ex1.htm (EX-1) — 36KB
- 0001104659-24-027173.txt ( ) — 406KB
From the Filing
SC 13D/A 1 tm247139d1_sc13da.htm SC 13D/A UNITED SECURITIES & EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 29)* Monster Beverage Corporation (Name of Issuer) Common Stock (Title of Class of Securities) 61174X109 (CUSIP Number) Rodney C. Sacks 1 Monster Way Corona, California 92879 (951) 739-6200 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 27, 2023 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box . Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 61174X109 13D/A (1) Names of Reporting Persons Brandon Limited Partnership No. 1 (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) ¨ (3) SEC Use Only (4) Source of Funds (See Instructions) WC (See Item 3) (5) Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) (6) Citizenship or Place of Organization Cayman Islands Number of Shares Beneficially Owned by Each Reporting Person With (7) Sole Voting Power 0 (8) Shared Voting Power 11,291,136 (9) Sole Dispositive Power 0 (10) Shared Dispositive Power 11,291,136 (11) Aggregate Amount Beneficially Owned by Each Reporting Person 11,291,136 (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ (13) Percent of Class Represented by Amount in Row (11) 1.1% (14) Type of Reporting Person (See Instructions) PN 2 CUSIP No. 61174X109 13D/A (1) Names of Reporting Persons Brandon Limited Partnership No. 2 (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) ¨ (3) SEC Use Only (4) Source of Funds (See Instructions) WC (See Item 3) (5) Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) (6) Citizenship or Place of Organization Cayman Islands Number of Shares Beneficially Owned by Each Reporting Person With (7) Sole Voting Power 0 (8) Shared Voting Power 58,773,888 (9) Sole Dispositive Power 0 (10) Shared Dispositive Power 58,773,888 (11) Aggregate Amount Beneficially Owned by Each Reporting Person 58,773,888 (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ (13) Percent of Class Represented by Amount in Row (11) 5.6% (14) Type of Reporting Person (See Instructions) PN 3 CUSIP No. 61174X109 13D/A (1) Names of Reporting Persons Rodney Cyril Sacks (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) ¨ (3) SEC Use Only (4) Source of Funds (See Instructions) PF (See Item 3) (5) Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) (6) Citizenship or Place of Organization United States of America Number of Shares Beneficially Owned by Each Reporting Person With (7) Sole Voting Power 1,956,525 (8) Shared Voting Power 78,939,306 (9) Sole Dispositive Power 1,956,525 (10) Shared Dispositive Power 78,939,306 (11) Aggregate Amount Beneficially Owned by Each Reporting Person 80,895,831 (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ (13) Percent of Class Represented by Amount in Row (11) 7.7% (14) Type of Reporting Person (See Instructions) IN 4 CUSIP No. 61174X109 13D/A (1) Names of Reporting Persons Hilton Hiller Schlosberg (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) ¨ (3) SEC Use Only (4) Source of Funds (See Instructions) PF (See Item 3) (5) Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) (6) Citizenship or Place of Organization United Kingdom Number of Shares Beneficially Owned by Each Report