Monster Beverage (MNST) Shows Improved Energy Drink Sales Growth in Sept.
Tweet
Share
E-mailGet Alerts MNST Hot Sheet
Price: $47.79 +0.63%
Rating Summary:
20 Buy, 14 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
20 Buy, 14 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Monster Beverage (Nasdaq: MNST) shares are still pressured Friday amid new data from analyst firm ST Robinson Humphrey that sales may have gained in September.
According to analyst Bill Chappell -- citing Nielsen-tracked data -- Monster Beverage sales rose 17.8 percent in the four-weeks ended September 29th, versus a 15.9 percent gain the prior month.
Overall, the energy drink category showed growth of 16.3 percent, flat from August results. That may mean that Monster Beverage gained a little market share, possibly 1.1 points or so.
In the same period, Chappell notes, Red Bull sales rose 20.8 percent, up from a 20.2 percent gain in August.
ST Robinson has a Buy rating on Monster Beverage, with a price target of $90. Shares are down 5.6 percent Friday.
According to analyst Bill Chappell -- citing Nielsen-tracked data -- Monster Beverage sales rose 17.8 percent in the four-weeks ended September 29th, versus a 15.9 percent gain the prior month.
Overall, the energy drink category showed growth of 16.3 percent, flat from August results. That may mean that Monster Beverage gained a little market share, possibly 1.1 points or so.
In the same period, Chappell notes, Red Bull sales rose 20.8 percent, up from a 20.2 percent gain in August.
ST Robinson has a Buy rating on Monster Beverage, with a price target of $90. Shares are down 5.6 percent Friday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Viking Holdings (VIK) PT Raised to $82 at Mizuho
- Clear Street Reiterates Buy Rating on Anterix Inc. (ATEX)
- Ferrovial SA (FER:SM) (FRRVF) Reiterated at Buy by UBS on Winning Bid For Tennessee Project
Create E-mail Alert Related Categories
Analyst Comments, Retail SalesSign 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!
