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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.

6 popular beverage stocks picks to buy in 2024

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)

Compare premium accounts that help you research stocks

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.

Our picks for platforms with research tools

Moby Premium

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  • Services: Analyst stock picks & research
  • Fees: $99.96/first full year for new members
  • Features: 3 new stock picks a week, daily newsletter, lessons, video reports

Robinhood Gold

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  • Min. deposit: $0
  • Stock trade fee: $0
  • Sign up bonus: Get a free stock when you successfully sign up and link your bank account.

Public.com Premium

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Easy access to diverse assets
  • Trade stocks, bonds, options, ETFs, crypto, Treasurys, collectibles, royalties
  • Earn 5.1% APY on your cash
  • Earn a $0.18 rebate on options, with no commissions and no per-contract fees

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.

Monster Beverage stock opened the day at $54.27 after a previous close of $54.11. The latest price was $54.69 (25-minute delay). Monster Beverage is listed on the NASDAQ, has a trailing 12-month revenue of around USD7.1 billion and employs 5,254 staff.

  • Market capitalization: $57,611,968,512
  • P/E ratio: 35.7208
  • PEG ratio: 1.8685

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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.

PepsiCo stock opened the day at $167.03 after a previous close of $166.95. The latest price was $167.50 (25-minute delay). PepsiCo is listed on the NASDAQ, has a trailing 12-month revenue of around USD$91.5 billion and employs 318,000 staff.

  • Market capitalization: $234,505,142,272
  • P/E ratio: 26.0473
  • PEG ratio: 2.8256

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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 $30.42 after a previous close of $30.43. The latest price was $30.44 (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 28,100 staff.

  • Market capitalization: $41,686,822,912
  • P/E ratio: 19.8839
  • PEG ratio: 6.3953

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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 $49.41 after a previous close of $49.39. The latest price was $48.71 (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: $24,166,400,000
  • P/E ratio: 25.1866
  • PEG ratio: 2.4196

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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 $257.95 after a previous close of $258.52. The latest price was $257.78 (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: $48,432,676,864
  • P/E ratio: 30.7689
  • PEG ratio: 2.2272

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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 $137.76 after a previous close of $137.39. The latest price was $136.03 (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: $78,139,891,712
  • P/E ratio: 18.4572
  • PEG ratio: 1.6575

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Compare more stock trading platforms to invest in beverage stocks

Compare online trading platforms by fees, asset types and bonuses to find the best for your investment in beverage stocks.
1 - 5 of 5
Name Product Ratings Available asset types Minimum deposit Stock trade fee Cash sweep APY Signup bonus
SoFi Invest®
Finder Score: 4.1 / 5: ★★★★★
SoFi Invest®
★★★★★
Stocks, Mutual funds, ETFs, Alternatives
$0
$0
N/A
Tastytrade
Finder Score: 4.6 / 5: ★★★★★
Tastytrade
★★★★★
Stocks, Options, ETFs, Cryptocurrency, Futures, Treasury Bills
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N/A
Get $100-$5,000
when you open and fund an account with $5,000 to $1,000,000+
Highly commended for Best Derivatives Trading Platform award.
Public.com
Finder Score: 4.1 / 5: ★★★★★
Public.com
★★★★★
Stocks, ETFs, Cryptocurrency, Art, Treasury Bills, Collectibles
$0
$0
5.1%
N/A
2.5% fee applies to all alternative asset transactions.
Robinhood
Finder Score: 4.3 / 5: ★★★★★
Robinhood
★★★★★
Stocks, Options, ETFs, Cryptocurrency
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1.5%, or 5% with Robinhood Gold
Get a free stock
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Try Robinhood Gold for 30 days risk-free upon signup and earn a 5% APY on your uninvested cash, a 3% match on IRA contributions, up to $50,000 in instant deposits and more. Accounts are auto-downgraded after the trial period.
Moomoo
Finder Score: 4.7 / 5: ★★★★★
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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.

Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.

Finder is not an adviser 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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