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6 top beverage stocks to buy in 2024

Ready to invest in the drink industry? Learn how to invest in beverage stocks in just a few steps.

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.

The top drink stocks included on this page all trade on the S&P 500, have an analyst recommendation of "Buy" or better and are sorted by year-to-date performance.

  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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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 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 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.

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: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other. It offers carbonated non-carbonated energy drinks, ready-to-drink iced teas, 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.

The latest price was $50.28 (25-minute delay). Monster Beverage is listed on the NASDAQ, has a trailing 12-month revenue of around USD7.3 billion and employs 5,254 staff.

  • Market capitalization: $50,148,687,872
  • P/E ratio: 32.2089
  • PEG ratio: 1.7458

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2. PepsiCo (PEP)

PepsiCo, Inc. engages in the manufacture, marketing, distribution, and sale of 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.

The latest price was $171.50 (25-minute delay). PepsiCo is listed on the NASDAQ, has a trailing 12-month revenue of around USD$92.1 billion and employs 318,000 staff.

  • Market capitalization: $234,222,960,640
  • P/E ratio: 24.7631
  • PEG ratio: 2.7835

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3. Keurig Dr Pepper (KDP)

Keurig Dr Pepper Inc. owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U. S.

Keurig Dr Pepper stock opened the day at $33.88 after a previous close of $32.77. The latest price was $33.21 (25-minute delay). Keurig Dr Pepper is listed on the NASDAQ, has a trailing 12-month revenue of around USD$14.9 billion and employs 28,100 staff.

  • Market capitalization: $44,706,701,312
  • P/E ratio: 21.2774
  • PEG ratio: 6.2708

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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 cocktails, 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, Korbel, Sonoma-Cutrer, Finlandia, Chambord, Gin Mare, Diplomático, Fords Gin, The Glendronach, Benriach, Glenglassaugh, and Slane brands.

Brown-Forman Corporation stock opened the day at $44.03 after a previous close of $43.72. The latest price was $45.07 (25-minute delay). Brown-Forman Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$4.2 billion and employs 5,700 staff.

  • Market capitalization: $20,698,392,576
  • P/E ratio: 20.3178
  • PEG ratio: 2.392

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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 Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.

Constellation Brands Inc Class A stock opened the day at $248.00 after a previous close of $246.88. The latest price was $249.38 (25-minute delay). Constellation Brands Inc Class A is listed on the NYSE, has a trailing 12-month revenue of around USD$10.1 billion and employs 10,600 staff.

  • Market capitalization: $44,731,789,312
  • P/E ratio: 18.2762
  • PEG ratio: 2.2095

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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.

The latest price was $131.63 (25-minute delay). Diageo PLC ADR is listed on the NYSE, has a trailing 12-month revenue of around USD$21.6 billion and employs 30,269 staff.

  • Market capitalization: $72,912,420,864
  • P/E ratio: 17.1778
  • PEG ratio: 1.6088

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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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Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.

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