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.
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.
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.
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.
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.
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.
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.