Which are the popular food and beverage stocks on Wall Street?

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Which are the popular food and beverage stocks on Wall Street?

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 Which are the popular food and beverage stocks on Wall Street?
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The food and beverage industry is one of the major manufacturing sectors in the United States. The industry comprises companies involved in food manufacturing, processing and distribution. The S&P Food & Beverage Select Industry Index measures the performance of publicly-traded food and beverage stocks.

Here we explore some of the popular food and beverage companies listed on NYSE and NASDAQ.

The Coca-Cola Company (NYSE: KO)

Atlanta-based soft drink maker Coca-Cola owns a number of beverage brands including Coca Cola, Diet Coke, Fanta, Sprite and Aquarius as well as coffee chain Costa Coffee.

Coca-Cola’s market cap totals US$246.43 billion. It has a P/E ratio of 30.41. The stock gained 4.1 percent year to date. Its share price was between US$46.22 and US$57.56 in the last 52 weeks.

During the second quarter, Coca-Cola’s net revenues climbed 42 percent to US$10.1 billion while EPS surged 48 percent to 61 cents.

READ MORE: Top 10 consumer staple stocks to watch as inflation rises

PepsiCo, Inc. (NASDAQ: PEP)

PepsiCo is one of the top snacks and beverage companies in the U.S. Its food brands include Lay’s, Doritos, Cheetos and Quaker Foods, while beverage brands include Pepsi, 7 Up, Mountain Dew, Aquafina, Gatorade and Tropicana.

The New York-based company currently has a market cap of US$216.80 billion. It has a P/E ratio of 26.48. The stock price grew 5.7 percent this year and was between US$128.32 and US$158.66 in the last 52 weeks.

PepsiCo’s second-quarter revenue came in at US$19.22 billion, up 20.5 percent year over year. Net income increased to US$2.34 billion, or US$1.70 per share, from US$1.65 billion, or US$1.18 per share, in the year-ago quarter.

Source: Pixabay

Tyson Foods, Inc. (NYSE: TSN)

This Arkansas-based company is the second-largest meat processor in the world. It owns meat product brands such as Tyson, Hillshire Farm, State Fair, Jimmy Dean and Aidells.

Tyson Foods has a market cap of US$26.38 billion and a P/E ratio of 12.47. Its stock price, which was in the range of US$ 55.82 to US$81.79 in the last one year, grew 12 percent year to date.

The company posted a 26 percent year-over-year growth in its EPS to US$1.30 during the fiscal second quarter ended April 3 on US$11.30 billion sales.

Conagra Brands, Inc. (NYSE: CAG)

This Chicago-based company sells packaged food products through restaurants, supermarkets and other foodservice channels under a number of brands, including Hunt's, Slim Jim, Marie Callender's, Gardein, Duncan Hines and Duke’s.

Conagra Brands has a market cap of US$16.21 billion and a P/E ratio of 12.69. Its shares dropped 6.9 percent year to date. During the 52-week period, the stock was trading in the range of US$32.55 to US$39.34.

The company reported organic net sales of US$2.71 billion in its fiscal fourth quarter ended May 30, up 10.1 percent year over year. Diluted EPS from continuing operations came in at 64 cents, up 56.1 percent.

READ MORE: PepsiCo (PEP) stock gains, Conagra (CAG) declines on forecast update

The Hershey Company (NYSE: HSY)

The Pennsylvania-based food company owns chocolate brands like Hershey, KitKat, Twizzlers Kisses and Brookside.

Hershey has a market cap of US$36.98 billion and a P/E ratio of 26.29. The stock is up 17.1 percent year to date. The share price was in the range of US$134.00 to US$182.24 in the last 52 weeks.

In the second quarter ended July 4, Hershey saw its consolidated net sales climb 16.5 percent to US$1.99 billion. Reported net income rose 12.4 percent to US$301.2 million, or US$1.45 per share.

Source: Pixabay

Mondelēz International, Inc. (NASDAQ: MDLZ)

This Chicago-based is the owner of snack food and beverage brands like Cadbury, Oreo, Toblerone, belVita and Tang.

Mondelēz’s market cap totals US$89.18 billion and has a P/E ratio of 21.01. The stock returned 8.4 percent this year. In the last 52 weeks, its shares were trading in the range of US$52.51 to US$65.60.

The company saw its net revenues grow 12.4 percent year over year to US$6.64 billion while net earnings doubled to US$1.08 billion, or 76 cents per share, compared with US$545 million, or 38 cents per share, in the year-ago quarter.

READ MORE: 5 Food Stocks To Explore As COVID-19 Restrictions Ease

Beyond Meat, Inc. (NASDAQ: BYND)

Beyond Meat is a plant-based meat alternatives producer. It has tie-ups with restaurant operators McDonald’s and Yum! Brands as well as with retailers such as Walmart, Whole Foods Market and Kroger.

The company’s market cap totals US$1.87 billion. Its stock remains almost flat year to date and traded between US$ 99.86 and US$221.00 in the 52-week period.

In its first quarter ended April 3, Beyond Meat’s net revenue rose 11.4 percent year over year to US$108.2 million. Net loss during the quarter came in at US$27.3 million, 43 cents per share. The company has projected a 32 percent topline growth in its second quarter.

READ MORE: Boston Beer overestimates demand for Truly brand, stock plunges

Please note: The above constitutes a preliminary view and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.

The reference data in this article has been partly sourced from Refinitiv.


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