Monster Beverage Corporation (Corona, Calif.), formerly known as Hansen Natural Corporation, a marketer of energy drinks, functional beverages, juices and natural sodas, has been added to the S&P 500 index. It has replaced Sara Lee, which has split its North American and international beverage businesses into two publicly traded companies.
The Hillshire Brands Co., which will replace Monster on the S&P MidCap 400, and D.E Master Blenders 1753, a pure-play tea and coffee business. Monster, which has been publicly traded since 1995, will join Coca-Cola, PepsiCo, and Dr Pepper Snapple on the S&P 500. Monster Beverage reported that net sales rose 30.6% to $1.7 billion for the year ended December 31, 2011.
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