Monster Beverage Poised for Continued Outperformance Amid Strong Sales Growth and Market ExpansionWe are rasing our topline/EPS estimates today even further above consensus, with increased OSG confidence given robust scanner data and positive Coke system feedback, particularly internationally, and greater assumed topline leverage on margins, along with favorable FX. We acknowledge less MNST stock upside left, but see continued stock out-performance ahead with solid 15% PT upside given our well-above consensus revenue growth (+2.6% revenue upside vs consensus in the NTM) forecasts that we believe are conservative. Importantly, MNST revenue growth is expected to be not only above consensus, but also far above recent Monster historical trends (+13.1% NTM vs +3.7% L TM) and also well above peers (+11.2% NTM OSG at MNST vs +3.6% at KO/PEP), which stands out in a continued muted and generally below consensus OSG environment across the CPG landscape.