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Sectors & IndustriesConsumer DefensiveBeverages - Wineries & Distilleries
Best Wine Stocks to Buy Now (2024)
Top wine stocks in 2024 ranked by overall Due Diligence Score. See the best wine stocks to buy now, according to analyst forecasts for the beverages - wineries & distilleries industry.

Industry: Beverages - Wineries & Di...
OverviewDue Diligence ScorePriceValuationFinancialsForecastEarnings & RevenueDividends
OwnershipTechnicals
Ticker
Company
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
MGPI
MGP INGREDIENTS INC
$976.48M1.08%10.00%$0.1200$0.4823%2
BF.B
BROWN FORMAN CORP
$20.99BN/A31.10%$0.2178N/AN/A1
NAPA
DUCKHORN PORTFOLIO INC
$1.63BN/A0.00%N/AN/AN/AN/A
DEO
DIAGEO PLC
$74.79B3.37%46.50%$2.5192$4.1467%9
LQR
LQR HOUSE INC
$7.66MN/A0.00%N/AN/AN/AN/A
SNDL
SNDL INC
$502.14MN/AN/AN/AN/AN/AN/A
STZ
CONSTELLATION BRANDS INC
$43.39B1.64%121.80%$1.0100$3.9236%0
EAST
EASTSIDE DISTILLING INC
$3.64MN/A0.00%N/AN/AN/AN/A
SBEV
SPLASH BEVERAGE GROUP INC
$11.42MN/A0.00%N/AN/AN/AN/A
IBG
INNOVATION BEVERAGE GROUP LTD
N/AN/A0.00%N/AN/AN/AN/A
WVVI
WILLAMETTE VALLEY VINEYARDS INC
$16.08MN/A0.00%N/AN/AN/AN/A
VINE
FRESH VINE WINE INC
$11.26MN/A0.00%N/AN/AN/AN/A
CASK
HERITAGE DISTILLING HOLDING COMPANY INC
N/AN/AN/AN/AN/AN/AN/A
1

Wine Stocks FAQ

What are the best wine stocks to buy right now in Dec 2024?

According to Due Diligence Score, the 3 best alcohol stocks to buy right now are:

1. Mgp Ingredients (NASDAQ:MGPI)


Mgp Ingredients (NASDAQ:MGPI) is the top wine stock with a Due Diligence Score of 47, which is 20 points higher than the wine industry average of 27. It passed 17 out of 38 due diligence checks and has strong fundamentals. Mgp Ingredients has seen its stock lose -46.93% over the past year, underperforming other wine stocks by -35 percentage points.

Mgp Ingredients has an average 1 year price target of $66.25, an upside of 48.94% from Mgp Ingredients's current stock price of $44.48.

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

2. Brown Forman (NYSE:BF.B)


Brown Forman (NYSE:BF.B) is the second best wine stock with a Due Diligence Score of 45, which is 18 points higher than the wine industry average of 27. It passed 17 out of 38 due diligence checks and has strong fundamentals. Brown Forman has seen its stock lose -17.73% over the past year, underperforming other wine stocks by -6 percentage points.

Brown Forman has an average 1 year price target of $47.11, an upside of 6.08% from Brown Forman's current stock price of $44.41.

Brown Forman stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Brown Forman, 22.22% have issued a Strong Buy rating, 11.11% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Duckhorn Portfolio (NYSE:NAPA)


Duckhorn Portfolio (NYSE:NAPA) is the third best wine stock with a Due Diligence Score of 43, which is 16 points higher than the wine industry average of 27. It passed 14 out of 33 due diligence checks and has strong fundamentals. Duckhorn Portfolio has seen its stock return 8.33% over the past year, overperforming other wine stocks by 20 percentage points.

Duckhorn Portfolio has an average 1 year price target of $10.42, a downside of -5.79% from Duckhorn Portfolio's current stock price of $11.06.

Duckhorn Portfolio stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Duckhorn Portfolio, 20% have issued a Strong Buy rating, 0% have issued a Buy, 80% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the wine stocks with highest dividends?

Out of 4 wine stocks that have issued dividends in the past year, the 3 wine stocks with the highest dividend yields are:

1. Brown Forman (NYSE:BF.B)


Brown Forman (NYSE:BF.B) has an annual dividend yield of N/A, which is N/A percentage points lower than the wine industry average of 2.03%. Brown Forman's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Brown Forman's dividend has shown consistent growth over the last 10 years.

Brown Forman's dividend payout ratio of 31.1% indicates that its dividend yield is sustainable for the long-term.

2. Diageo (NYSE:DEO)


Diageo (NYSE:DEO) has an annual dividend yield of 3.37%, which is 1 percentage points higher than the wine industry average of 2.03%. Diageo's dividend payout is not stable, having dropped more than 10% nine times in the last 10 years. Diageo's dividend has shown consistent growth over the last 10 years.

Diageo's dividend payout ratio of 46.5% indicates that its dividend yield is sustainable for the long-term.

3. Constellation Brands (NYSE:STZ)


Constellation Brands (NYSE:STZ) has an annual dividend yield of 1.64%, which is the same as the wine industry average of 2.03%. Constellation Brands's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Constellation Brands's dividend has shown consistent growth over the last 10 years.

Constellation Brands's dividend payout ratio of 121.8% indicates that its dividend yield might not be sustainable for the long-term.

Why are wine stocks down?

Wine stocks were down -0.81% in the last day, and up 0.33% over the last week.

We couldn't find a catalyst for why wine stocks are down.

What are the most undervalued wine stocks?

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

1. Mgp Ingredients (NASDAQ:MGPI)


Mgp Ingredients (NASDAQ:MGPI) is the most undervalued wine stock based on WallStreetZen's Valuation Score. Mgp Ingredients has a valuation score of 71, which is 52 points higher than the wine industry average of 19. It passed 5 out of 7 valuation due diligence checks.

Mgp Ingredients's stock has dropped -46.93% in the past year. It has underperformed other stocks in the wine industry by -35 percentage points.

2. Lqr House (NASDAQ:LQR)


Lqr House (NASDAQ:LQR) is the second most undervalued wine stock based on WallStreetZen's Valuation Score. Lqr House has a valuation score of 43, which is 24 points higher than the wine industry average of 19. It passed 3 out of 7 valuation due diligence checks.

Lqr House's stock has gained 48.7% in the past year. It has overperformed other stocks in the wine industry by 60 percentage points.

3. Duckhorn Portfolio (NYSE:NAPA)


Duckhorn Portfolio (NYSE:NAPA) is the third most undervalued wine stock based on WallStreetZen's Valuation Score. Duckhorn Portfolio has a valuation score of 43, which is 24 points higher than the wine industry average of 19. It passed 3 out of 7 valuation due diligence checks.

Duckhorn Portfolio's stock has gained 8.33% in the past year. It has overperformed other stocks in the wine industry by 20 percentage points.

Are wine stocks a good buy now?

57.14% of wine stocks rated by analysts are a buy right now. On average, analysts expect wine stocks to rise by 22.72% over the next year.

What is the average p/e ratio of the beverages - wineries & distilleries industry?

The average P/E ratio of the beverages - wineries & distilleries industry is 34.1x.
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