3 Top Beverage Stocks to Buy Hand Over Fist to Help Boost Your Portfolio in 2024
Stepping into 2024, the beverage scene is fizzing with excitement and potential. At the forefront: Coca-Cola (NYSE: KO), PepsiCo (NASDAQ: PEP), and Boston Beer (NYSE: SAM). These drink kings have mastered the art of staying fresh. This year, they look less like everyday investment opportunities and more like golden tickets for your portfolio. So, let's dive in and see how these industry giants could put some pep in your investments, mixing tried-and-true methods with innovative twists that could really quench your thirst for solid returns.
Coca-Cola isn't just about that famous soda we all know. It's a global powerhouse with a knack for mixing things up in the beverage industry. Beyond the classic Coke, it's got a lineup that's as varied as our taste buds. Think Fairlife's nutritious milk and Costa Coffee's rich brews. These brands are Coca-Cola's way of showing it's not just sticking to the old script; it's out there, exploring new flavors and trends. It's Coke's way of staying ahead in the game, catering to everyone, everywhere.
Coca-Cola's most recent quarterly performance delivered a robust 8% leap in net revenue to a cool $12 billion, coupled with earnings per share (EPS) jumping to $0.71, delivering a 9% increase alongside an 11% surge in organic revenue. These numbers demonstrate Coca-Cola's knack for smart pricing and thriving in diverse market conditions, making it a standout pick for investors seeking both profit and stability.
Source Fool.com
