Are Investors Thirsty To Buy These 2 Top Beverage Stocks In July?
Beverage stocks like many others were largely affected by the coronavirus pandemic. Many top beverage stocks relied on restaurant sales to stay afloat. The restaurant industry has been pretty bad due to the pandemic. Most restaurants are take out only, with some offer outdoor dining. But many are still too skeptical about the virus to go and eat out. This is part of why many beverage companies have not been doing well.
With that being said, many beverage companies are making a recovery. In-store sales are still as usual if not higher. People are still stocking up on food and drinks when they go to the supermarket. This means that some beverage companies have even managed to reach new heights at stock price.
So the food industry as a whole is rather volatile in these dark times. But we have already seen how many stocks have been able to make a comeback. That means there is a lot of potential beverage stocks to watch in the market. So today, there will be two beverage stocks to watch highlighted here. You will see why they are trending, and what the future may hold for these beverage stocks.
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Top Beverage Stocks To Watch In July: Monster
The first beverage stock to watch is Monster Beverage Corporation (MNST Stock Report). As of 2012, Monster held almost 35% of the US energy drink market. Monster sold its non energy drink brands to Coca Cola in 2015. In 2017 alone, Monster Beverage brought in more than $3.3 billion in revenue.
Before the pandemic, MNST stock was around $70 a share on average. Then, MNST stock price fell as low as $50 a share on average. This is more than a 28% decrease in MNST stock. This wasn’t good for investors of MNST stock as many lost money. But now, MNST stock price has managed to recover. Since its low, MNST stock price went back up to $73.83 a share on average as of July 20th. This is a 47.66% increase in MNST stock from its low.
Currently it is unsure where MNST stock price will move in the future. But things are looking very positive for MNST stock at the moment. That is why MNST stock is on this list of beverage stocks to watch. Keep an eye on MNST stock to see how it moves in the future. Monster’s sales have been trying to remain consistent despite the ongoing pandemic.
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Top Beverage Stocks To Watch In July: PepsiCo
The second beverage stock to watch is PepsiCo Inc. (PEP Stock Report) due to its recent movement in the market. PepsiCo owns many brands such as Pepsi, Tropicana, Quaker Oats, Gatorade, and more. PepsiCo is the second largest beverage company in the world. In 2019, PepsiCo brought in more than $67 billion in revenue. PepsiCo also has around 263,000 employees worldwide.
Pre-pandemic, PEP stock price was at around $145 a share on average. Then, shares of PEP stock sharply fell to around $105 a share on average at its low. Since the low, PEP stock price has managed to rise back up. For months PEP stock has floated around $130-$135 a share on average. In fact, as of July 20th PEP stock is at $132.94 a share on average. If PepsiCo can report positive sales in its next report, PEP stock has the potential to fully recover.
MNST stock and PEP stock are potential beverage stocks to buy due to their recent momentum in the market. While PEP stock has been rather stable, it is possible for it to rise if positive news is put out. MNST stock price is already past where it was pre-pandemic which is great for investors. It will be interesting to see what happens to these two beverage stocks to watch in the future.