NEW YORK, NY / ACCESSWIRE / June 11, 2018 / Beverage stocks Pepsico and Monster Beverage were in the green in Friday trading. Monster saw its shares soar after analysts noted that it was likely Monster would be raising its unit prices this year after the company had its annual meeting last Thursday.

RDI Initiates Coverage on:

Monster Beverage Corporation
https://www.rdinvesting.com/report/?ticker=MNST

PepsiCo, Inc.
https://www.rdinvesting.com/report/?ticker=PEP

Monster Beverage Corporation shares headed higher in Friday trading, closing up the day roughly 5% on nearly 7 million shares traded. The stock saw a bump in price after analysts noted that the company would more than likely be raising unit prices by the end of this year. According to Stifel Nicolaus, Monster's sales growth should continue tracking near 10% throughout 2018, while gross margins are expanding. Goldman Sachs agreed with the firm's sentiment. CEO of the company, Rodney Sacks also said Monster is "highly likely" to increase prices to battle rising costs of ingredients. Sacks also told analysts at the company's annual meeting last week that Monster is making "good progress in the US with gains in overall market share." At the meeting, the CEO also touched on newly opened or expanded markets in countries like Ecuador and Israel, and also Eastern Europe. Last month, the company's board of directors approved a new share repurchase program that authorizes the repurchase of up to $500 million of the company's common stock.

Access RDI's Monster Beverage Corporation Research Report at:
https://www.rdinvesting.com/report/?ticker=MNST

PepsiCo, Inc. shares closed up a modest 1.31% on about 4.6 million shares traded on Friday. The beverage giant didn't have any specific news, but it was not too long ago that it announced it has reached a deal to purchase Bare Foods Co., a company that makes Bare Snacks, a line of fruit and vegetable snacks. PepsiCo's CEO Indra Nooyi remarked, "For nearly a dozen years, PepsiCo has been committed to Performance with Purpose, our vision of making more nutritious products, while also reducing added sugars, salt, and saturated fat. Bare Snacks fits perfectly within that vision." No terms of the deal were disclosed. The company will be releasing its second quarter 2018 financial results on Tuesday, July 10, ahead of the opening bell.

Access RDI's PepsiCo, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=PEP

Our Actionable Research on Monster Beverage Corporation (NASDAQ: MNST) and PepsiCo, Inc. (NASDAQ: PEP) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com