Monster Beverage (MNST) Moves to Lows on Weak Nielsen Data
Get Alerts MNST Hot Sheet
Price: $53.46 --0%
Rating Summary:
21 Buy, 10 Hold, 1 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 7 | Down: 10 | New: 6
Rating Summary:
21 Buy, 10 Hold, 1 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 7 | Down: 10 | New: 6
Join SI Premium – FREE
Monster Beverage Corporation (NASDAQ: MNST) is moving to the lows of the session following Nielsen data earlier showing slowing growth.
Growth in the energy category slowed to 6.1% for the four weeks ending December 22, 2012. Monster Beverage saw growth of 6.8% for the period, which was below the 11.8% 12-week average, analysts at Goldman Sachs notes. The other large energy players, Red Bull and Rockstar, posted sales figures of +6.7% and -5.2% respectively. Price/mix was a drag for all major players, Goldman noted, including Monster (-0.5%).
While the data is weaker, Goldman notes that there is one important caveat - last year's period may cover more of the holiday shopping boost than this year's at it ended 12/24, while this year's period ended 12/22.
Shares of Monster Beverage last traded at $52.11, down 3.9%.
Growth in the energy category slowed to 6.1% for the four weeks ending December 22, 2012. Monster Beverage saw growth of 6.8% for the period, which was below the 11.8% 12-week average, analysts at Goldman Sachs notes. The other large energy players, Red Bull and Rockstar, posted sales figures of +6.7% and -5.2% respectively. Price/mix was a drag for all major players, Goldman noted, including Monster (-0.5%).
While the data is weaker, Goldman notes that there is one important caveat - last year's period may cover more of the holiday shopping boost than this year's at it ended 12/24, while this year's period ended 12/22.
Shares of Monster Beverage last traded at $52.11, down 3.9%.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Morgan Stanley Upgrades Shopify (SHOP) to Overweight, 'Still Operating Leverage Left to Realize'
- Badger Meter (BMI) PT Raised to $184 at Deutsche Bank
- Citizens Financial Group (CFG) PT Raised to $43 at Citi
Create E-mail Alert Related Categories
Analyst Comments, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!