6 top beverage stocks to buy in 2023

The best beverage stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

6 beverage stocks to buy in 2023

We round up a selection of stocks in or related to the drink industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

1. Monster Beverage (MNST)
2. PepsiCo (PEP)
3. Keurig Dr Pepper (KDP)
4. Brown-Forman Corporation (BF-B)
5. Constellation Brands Inc Class A (STZ)
6. Diageo PLC ADR (DEO)

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The beverage stocks industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering beverage stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.

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How to invest in beverage stocks

1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2023.
2. Sign up for an account. Provide your personal information and sign up.
3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like MNST or PEP.
5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into beverage stocks

If you're interested in investing in the drink industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

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1. Monster Beverage (MNST)

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Finished Product, Concentrate, and Other. It offers carbonated non-carbonated energy drinks, ready-to-drink iced teas and juice drinks, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks and single-serve still waters, and sodas that are considered natural, sparkling juices, and flavored sparkling beverages.

Monster Beverage stock opened the day at $54.92 after a previous close of $55.15. The latest price was $55.22 (25-minute delay). Monster Beverage is listed on the NASDAQ, has a trailing 12-month revenue of around USD6.9 billion and employs 4,607 staff.

• Market capitalization: $57,401,073,664
• P/E ratio: 37.5306
• PEG ratio: 3.3954

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2. PepsiCo (PEP)

PepsiCo, Inc. manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

PepsiCo stock opened the day at $168.37 after a previous close of $168.29. The latest price was $168.69 (25-minute delay). PepsiCo is listed on the NASDAQ, has a trailing 12-month revenue of around USD$91.6 billion and employs 315,000 staff.

• Market capitalization: $232,860,041,216
• P/E ratio: 28.2283
• PEG ratio: 3.0989

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3. Keurig Dr Pepper (KDP)

Keurig Dr Pepper Inc. operates as a beverage company in the United States and internationally. It operates through four segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages.

Keurig Dr Pepper stock opened the day at $31.66 after a previous close of $31.57. The latest price was $32.17 (25-minute delay). Keurig Dr Pepper is listed on the NASDAQ, has a trailing 12-month revenue of around USD$14.8 billion and employs 28,000 staff.

• Market capitalization: $45,515,964,416
• P/E ratio: 23.7591
• PEG ratio: 3.1937

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4. Brown-Forman Corporation (BF-B)

Brown-Forman Corporation, together with its subsidiaries, manufactures, distills, bottles, imports, exports, markets, and sells various alcoholic beverages. It provides wines, whiskey spirits, whiskey-based flavored liqueurs, ready-to-drink and ready-to-pour products, vodkas, tequilas, gin, brandy, rum, bourbons, and liqueurs. The company offers its products primarily under the Jack Daniel's, Woodford Reserve, Old Forester, Coopers' Craft, Gentleman Jack, Herradura, el Jimador, New Mix, Korbel, Sonoma-Cutrer, Finlandia, Chambord, Gin Mare, Diplomático, Fords Gin, GlenDronach, Benriach, Glenglassaugh, Slane, and brands.

Brown-Forman Corporation stock opened the day at $58.63 after a previous close of $58.74. The latest price was $59.94 (25-minute delay). Brown-Forman Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$4.3 billion and employs 5,600 staff.

• Market capitalization: $28,919,418,880
• P/E ratio: 37.5786
• PEG ratio: 2.9175

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5. Constellation Brands Inc Class A (STZ)

Constellation Brands, Inc. , together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.

Constellation Brands Inc Class A stock opened the day at $242.02 after a previous close of $240.49. The latest price was $241.95 (25-minute delay). Constellation Brands Inc Class A is listed on the NYSE, has a trailing 12-month revenue of around USD$9.8 billion and employs 10,700 staff.

• Market capitalization: $43,785,232,384
• P/E ratio: 28.0106
• PEG ratio: 2.3552

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6. Diageo PLC ADR (DEO)

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.

Diageo PLC ADR stock opened the day at $141.00 after a previous close of $140.57. The latest price was $143.57 (25-minute delay). Diageo PLC ADR is listed on the NYSE, has a trailing 12-month revenue of around USD$17.1 billion and employs 30,269 staff.

• Market capitalization: $80,088,162,304
• P/E ratio: 17.3694
• PEG ratio: 2.2506

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Compare online trading platforms by fees, asset types and bonuses to find the best for your investment in beverage stocks.

Bottom line

While it’s possible to turn a profit investing in beverage stocks, keep in mind that — like any investment — beverage stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the drink industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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