Monster Beverage (MNST) Moves to Lows on Weak Nielsen Data
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Price: $48.97 +2.47%
Rating Summary:
20 Buy, 14 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 6 | New: 57
Rating Summary:
20 Buy, 14 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 6 | New: 57
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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%.
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