Monster Beverage (MNST) Has Strong Showing in Recent Nielsen Data - Goldman

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Nielsen convenience store data showed that the energy drink category was up 6% for the four weeks ended 2/16, while Monster Beverage (NASDAQ: MNST) outpaced the group at +7.4% and resumed its share gains.

"Given the negative commentary on overall c-store traffic from our industry contacts, the tough compares for MNST, and lackluster persons at work data for the construction/natural resource sector, we are somewhat encouraged by this +7.4% number as MNST sales in AOC+C-store are now up 7.3% quarter to date vs. our +8% estimate for 1Q13 US DSD sales for the company," the analyst said.

Goldman Sachs has a Buy rating and price target of $61.00 on MNST.

For an analyst ratings summary and ratings history on Monster Beverage click here. For more ratings news on Monster Beverage click here.

Shares of Monster Beverage closed at $47.75 yesterday, with a 52 week range of $39.99-$83.96.

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