The Best Alcohol Stocks of 2024 (Top 6)

April 1, 2024

A rundown of the 10 best alcohol stocks to invest in this year.

Best Alcohol Stocks To Invest In

The Best Alcohol Stocks of 2024

Since time immemorial, alcohol has been the one beverage mankind has turned to mark an occasion. Whether to celebrate, mourn, enjoy a special occasion, cope with challenges, or socialize with friends and family – alcoholic beverages have been an indispensable facilitator.

They have existed for thousands of years and are likely to be consumed for the foreseeable future.

Even during wars, restrictions, and calamities, the production and sale of alcoholic drinks have remained strong. Love it or hate it, alcohol represents an investment guaranteed to earn, no matter the circumstances. Incorporating it into your portfolio as a long-term investment haven is always a wise idea.

Not only will it provide regular returns over the years, but it can also serve as a hedge against your short-term, more volatile stocks.

But which are the best stocks out of them all? Which stocks have the highest growth potential and should be taken advantage of right now?

The Best Alcohol Stocks of 2024

After thorough research, here are the best alcohol stocks to buy this year:

Diageo (DEO)

Dynamic Stock Chart for TICKER DEO

Diageo (DEO) is a London-based company and one of the largest liquor companies globally. It holds the distinction of being the world's second-largest distiller and the largest liquor distributor, operating in over 180 countries with production in more than 140 sites. Notable brands include Johnnie Walker, Crown Royal, Smirnoff, Baileys, and Captain Morgan. Diageo stocks represent an excellent income and growth investment with high dividends and ever-increasing revenues.

Constellation Brands (STZ)

Dynamic Stock Chart for TICKER STZ

Constellation Brands (STZ) is a New York-based company that produces beers, wines, and spirits under over 100 brands shipped worldwide. Notable holdings include wine brands like Robert Mondavi, Opus One, and Ravenswood Winery, as well as beer brands like Corona, Modelo Especial, and Pacífico. The company is performing well financially, with an operating free cash flow increase of 138% in 2019 and revenue over $9 billion by the end of 2020.

The New Digital America: How to Profit from the Historic Shift

Texas Oil Stock

A strange new day is coming to America in 2024. The way we shop, travel, communicate, and do business is being reshaped by emerging technologies like AI, blockchain, and cloud computing.

This digital transformation, accelerated by the pandemic, is creating an entire new class of wealth-building opportunities. Stocks that could soar 100% to 500% or more by taking advantage of this "New Digital America."

Legendary Wall Street analyst Marc Chaikin has developed a powerful system to pinpoint these future money-making stocks before the big money piles in. His proprietary "Power Gauge" uses 20 market factors to predict which under-the-radar stocks will be rated a BUY by Wall Street in the months ahead.

Don't miss your chance to get ahead of this massive wealth shift. Follow Marc's #1 stock pick for the New Digital America before it's too late.

Anheuser-Busch InBev (BUD)

Dynamic Stock Chart for TICKER BUD

Anheuser-Busch InBev (BUD), the Belgian company, makes both beers and soft drinks under over 400 brands, including Budweiser, Corona, Stella Artois, and Leffe. It's one of the larger companies on this list, verging on blue-chip stock territory. The company also distributes non-alcoholic brands like Pepsi, Gatorade, and 7UP through partnerships, providing earnings in that sector.

Brown-Forman (BF.B)

Dynamic Stock Chart for TICKER BF.B

Brown-Forman (BF.B) is another titan in the worldwide liquor industry, with a presence in over 170 countries and owning famous brands like Jack Daniel's, Herradura, Woodford Reserve, and Finlandia. The company boasts 30 years of sustained dividend growth, offering income investors a dividend yield of 1.04% and passive income on top of investment returns. Revenues were almost $4 billion last year, proving resilient despite recessions, crises, and the pandemic.

Molson Coors Beverage Company (TAP)

Dynamic Stock Chart for TICKER TAP

Molson Coors Beverage (TAP) is a relatively new entity formed from the merger of Canada's Molson (founded in 1786) and the US's Coors (founded in 1873). Despite its North American roots, the company is the 5th largest alcohol company globally in terms of sales volume and the second-largest brewer by alcoholic beverage sales volume in the United States. The company garnered over $2 billion in sales at the end of last year.

The Boston Beer Company (SAM)

Dynamic Stock Chart for TICKER SAM

The Boston Beer Company (SAM), founded in the 1980s, is a high-end crafter of beer, hard cider, and hard seltzer, owning brands like Samuel Adams, Twisted Tea, Angry Orchard, and Truly Hard Seltzer. Benefiting from the consumer shift towards less commercial wine and spirits brands, Boston Beer's revenues reached $1.25 billion in 2020, with earnings per share of $9.17.

Bottom Line

These are the best alcohol stocks to invest in this year, representing a diverse range of companies in the alcoholic beverage industry. As Winston Churchill said, "I have taken more out of alcohol than alcohol has taken out of me."

Anyone looking to invest in alcohol stocks should aspire to this sentiment. However, always practice due diligence with each stock you plan to invest in. No matter how stable or predictable an investment might seem, there is an element of risk.

The only way to minimize this is by researching and staying on top of relevant market news. If you exercise caution and make decisions based on the right information, there is no doubt that your returns will be intoxicating. 

About the author 

Jenna Lofton, an expert in stock trading, investing, and financial planning, combines over a decade of experience with rigorous academic training. Holding dual MBAs in Finance and Business Administration from the University of Maryland, Jenna's expertise is grounded in a deep understanding of the financial markets. Her career, which started on Wall Street, has evolved into empowering others through her insights and analyses in the dynamic world of finance.

Based in New York City, Jenna's approach is informed by her hands-on experience as a former financial advisor and her keen observation of market trends. She is known for translating complex financial concepts into actionable strategies, making her a valuable resource for both seasoned investors and newcomers to the stock market. Her commitment to financial literacy and her ability to demystify investment principles have made her a respected and authoritative voice in the investment community.

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