6 top distillery stocks to buy in 2024

The best distillery 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 popular distillery stocks picks to buy in 2024

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

1. Diageo PLC ADR (DEO)
2. Constellation Brands Inc Class A (STZ)
3. Pernod Ricard S-A (RI)
4. Brown-Forman Corporation (BF-B)
5. MGP Ingredients (MGPI)
6. Eastside Distilling (EAST)

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

Our picks for platforms with research tools

How to invest in distillery 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 2024.
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 DEO or STZ.
5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into distillery stocks

If you're interested in investing in the liquor 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. 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 $137.79 after a previous close of $140.38. The latest price was $138.06 (25-minute delay). Diageo PLC ADR is listed on the NYSE, has a trailing 12-month revenue of around USD21.6 billion and employs 30,269 staff.

• Market capitalization: $78,312,325,120
• P/E ratio: 18.8222
• PEG ratio: 1.6088

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2. 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 $261.79 after a previous close of $261.55. The latest price was $261.43 (25-minute delay). Constellation Brands Inc Class A is listed on the NYSE and has a trailing 12-month revenue of around USD$10 billion.

• Market capitalization: $47,291,875,328
• P/E ratio: 27.5485
• PEG ratio: 2.2095

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3. Pernod Ricard S-A (RI)

Pernod Ricard SA produces and sells wines and spirits worldwide. The company offers whiskey, vodka, gin, rum, liqueur and bitters, champagne, tequila and mezcal, and aperitif under the brands 100 Pipers, Aberlour, Absolut, Absolut Elyx, Altos, ARARAT, Augier, Avion, Ballantine's, Becherovka, Beefeater, Blenders Pride, Brancott Estate, Campo Viejo, Ceder's, Chivas, Church Road, Clan Campbell, Del Maguey, George Wyndham, Green Spot, Havana Club, Imperial, Imperial Blue, Italicus, J. P. Wiser's, Jacob's Creek, Jameson, Jefferson's, Kahlúa, Kenwood, KI NO BI, Lillet, Long John, L'Orbe, Lot No.

Pernod Ricard S-A stock opened the day at €145.05 after a previous close of €141.45. The latest price was €141.50 (25-minute delay). Pernod Ricard S-A is listed on the PA, has a trailing 12-month revenue of around EUR$11.6 billion and employs 20,617 staff. All prices are listed in Euros.

• Market capitalization: $36,591,620,096
• P/E ratio: 18.0573
• PEG ratio: 3.7885

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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 $48.98 after a previous close of $49.01. The latest price was $47.98 (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: $23,367,475,200
• P/E ratio: 24.3682
• PEG ratio: 2.392

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5. MGP Ingredients (MGPI)

MGP Ingredients, Inc. , together with its subsidiaries, engages in the production and supply of distilled spirits, branded spirits, and food ingredients in the United States and internationally. The company operates through three segments: Distillery Solutions; Branded Spirits; and Ingredient Solutions.

MGP Ingredients stock opened the day at $77.06 after a previous close of $77.90. The latest price was $78.20 (25-minute delay). MGP Ingredients is listed on the NASDAQ, has a trailing 12-month revenue of around USD$836.5 million and employs 705 staff.

• Market capitalization: $1,748,567,296
• P/E ratio: 16.5521
• PEG ratio: 1.1545

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6. Eastside Distilling (EAST)

Eastside Distilling, Inc. manufactures, acquires, blends, bottles, imports, exports, markets, and sells various alcoholic beverages. It operates through two segments, Spirits and Craft Canning + Printing.

Eastside Distilling stock opened the day at $1.02 after a previous close of $1.05. The latest price was $1.03 (25-minute delay). Eastside Distilling is listed on the NASDAQ, has a trailing 12-month revenue of around USD$10.5 million and employs 47 staff.

• Market capitalization: $1,630,073

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Bottom line

While it’s possible to turn a profit investing in distillery stocks, keep in mind that — like any investment — distillery stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the liquor 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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