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

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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, with a 52 week range of $39.99-$111.18.

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