Corona, CA: Hansen Changes Name To Monster Beverage Corp.

Hansen Natural Corp. has received stockholders' approval to change its corporate name to Monster Beverage Corp.

The company's shares began trading under its new name and stock ticker symbol, "MNST" on Jan. 9.

The Corona, CA-based beverage company markets Monster Energy and Blue Sky energy drinks, Hansen's natural sodas and juices, and Admiral iced tea.

Hansen's third-quarter net sales climbed 24.4% year over year in 2011 to a record $474.7 million. Net income soared nearly 24% to $82.4 million compared with the previous year. Monster Energy's growth reportedly outpaced the overall energy drink category.