Sectors & IndustriesConsumer DefensiveBeverages - Non-Alcoholic

Best Beverage Stocks to Buy Now (2024)

Top beverage stocks in 2024 ranked by overall Due Diligence Score. See the best beverage stocks to buy now, according to analyst forecasts for the beverages - non-alcoholic industry.

According to Due Diligence Score, the 3 best non-alcoholic beverage stocks to buy right now are:

Vita Coco Company (NASDAQ:COCO) is the top beverage stock with a Due Diligence Score of 56, which is 16 points higher than the beverage industry average of 40. It passed 19 out of 33 due diligence checks and has strong fundamentals. Vita Coco Company has seen its stock return 31.08% over the past year, underperforming other beverage stocks by -5 percentage points.

Vita Coco Company has an average 1 year price target of $33.75, a downside of -7.05% from Vita Coco Company's current stock price of $36.31.

Vita Coco Company stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Vita Coco Company, 25% have issued a Strong Buy rating, 25% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Primo Brands (NYSE:PRMB) is the second best beverage stock with a Due Diligence Score of 56, which is 16 points higher than the beverage industry average of 40. It passed 20 out of 38 due diligence checks and has strong fundamentals. Primo Brands has seen its stock return 109.11% over the past year, overperforming other beverage stocks by 73 percentage points.

Primo Brands has an average 1 year price target of $28.00, a downside of -8.29% from Primo Brands's current stock price of $30.53.

Primo Brands stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Primo Brands, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Monster Beverage (NASDAQ:MNST) is the third best beverage stock with a Due Diligence Score of 54, which is 14 points higher than the beverage industry average of 40. It passed 18 out of 33 due diligence checks and has strong fundamentals. Monster Beverage has seen its stock lose -3.74% over the past year, underperforming other beverage stocks by -40 percentage points.

Monster Beverage has an average 1 year price target of $54.07, an upside of 3.44% from Monster Beverage's current stock price of $52.27.

Monster Beverage stock has a consensus Buy recommendation according to Wall Street analysts. Of the 15 analysts covering Monster Beverage, 40% have issued a Strong Buy rating, 13.33% have issued a Buy, 33.33% have issued a hold, while 6.67% have issued a Sell rating, and 6.67% have issued a Strong Sell.

Out of 7 beverage stocks that have issued dividends in the past year, the 3 beverage stocks with the highest dividend yields are:

National Beverage (NASDAQ:FIZZ) has an annual dividend yield of 7.02%, which is 3 percentage points higher than the beverage industry average of 3.64%. National Beverage's dividend payout is stable, having never dropped by more than 10% in the last 10 years. National Beverage's dividend has shown consistent growth over the last 10 years.

National Beverage's dividend payout ratio of 163.3% indicates that its high dividend yield might not be sustainable for the long-term.

Coca Cola Femsa Sab De CV (NYSE:KOF) has an annual dividend yield of 4%, which is the same as the beverage industry average of 3.64%. Coca Cola Femsa Sab De CV's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Coca Cola Femsa Sab De CV's dividend has not shown consistent growth over the last 10 years.

Coca Cola Femsa Sab De CV's dividend payout ratio of 73.6% indicates that its dividend yield is sustainable for the long-term.

Primo Brands (NYSE:PRMB) has an annual dividend yield of 3.86%, which is the same as the beverage industry average of 3.64%. Primo Brands's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Primo Brands's dividend has shown consistent growth over the last 10 years.

Primo Brands's dividend payout ratio of 72.7% indicates that its dividend yield is sustainable for the long-term.

Beverage stocks were down -1.73% in the last day, and down -1.03% over the last week. National Beverage was the among the top losers in the beverages - non-alcoholic industry, dropping -6.54% yesterday.

National Beverage shares are trading lower after the company reported worse-than-expected Q2 financial results.

Based on WallStreetZen's Valuation Score, the 3 most undervalued beverage stocks right now are:

Coca Cola Europacific Partners (NASDAQ:CCEP) is the most undervalued beverage stock based on WallStreetZen's Valuation Score. Coca Cola Europacific Partners has a valuation score of 71, which is 40 points higher than the beverage industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Coca Cola Europacific Partners's stock has gained 22.08% in the past year. It has underperformed other stocks in the beverage industry by -14 percentage points.

Keurig Dr Pepper (NASDAQ:KDP) is the second most undervalued beverage stock based on WallStreetZen's Valuation Score. Keurig Dr Pepper has a valuation score of 71, which is 40 points higher than the beverage industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Keurig Dr Pepper's stock has gained 1.65% in the past year. It has underperformed other stocks in the beverage industry by -34 percentage points.

Pepsico (NASDAQ:PEP) is the third most undervalued beverage stock based on WallStreetZen's Valuation Score. Pepsico has a valuation score of 57, which is 26 points higher than the beverage industry average of 31. It passed 4 out of 7 valuation due diligence checks.

Pepsico's stock has dropped -5.8% in the past year. It has underperformed other stocks in the beverage industry by -42 percentage points.