Monster Beverage Corp (MNST)

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Monster Beverage has knocked five straight double earnings beats (revenue and EPS)
By: Seeking Alpha | April 21, 2021

• Monster Beverage still stands as the pure-play on energy drinks

• Wells Fargo notes that Monster Beverage (MNST -0.6%) cruised right through Q1 despite the increased interest by Coca-Cola and PepsiCo in the fast-growth energy drink market. The firm thinks the Coca-Cola is resigned to playing the category largely through its stake in MNST, while PepsiCo's energy drink investments are seen taking time to play out.

• "Ultimately, MNST and Red Bull have successfully fended off competition from would-be competitors, and the category remains very much a 'two-animal' race. That's good news for MNST, the only publicly traded global energy play."

• Wells Fargo has an Overweight rating on Monster Beverage and price target of $105.

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