Negative Press Doesn't Hurt Monster Beverage (MNST) Sales

November 16, 2012 2:12 PM EST Send to a Friend
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Price: $137.99 +1.04%

Rating Summary:
    12 Buy, 8 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 19 | New: 37
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Apparently negative headlines about Monster Beverage (NASDAQ: MNST) is not having a damaging impact on sales. In fact, they are up sharply.

According to a note from analysts at Goldman Sachs, Monster sales are up +23.6% in convenience, significantly outpacing the category (+14.3%) and Red Bull (+12.8%). They note that this is a reversal from recent month's trends, where Red Bull had outperformed Monster.

Monster also showed positive price/oz growth of +0.6%, it's first increase since January, the firm notes.

Goldman has a Buy rating and price target of $58 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 $44.81 yesterday.

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