Monster Beverage (MNST) Shows Improved Energy Drink Sales Growth in Sept.
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Price: $44.42 -1.27%
Rating Summary:
20 Buy, 14 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 32
Rating Summary:
20 Buy, 14 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 32
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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.
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