Stocks of companies that make and distribute alcoholic beverages like beer, wine, and liquor are alcohol stocks. Alchol stocks tend to have strong demand regardless of the economy and can be a valuable part of your portfolio.
Rogue One Inc. (OTCMKTS:ROAG) should be on investors’ watchlists. According to their last filings, there will be significant changes in assets and revenue reflected in their forthcoming 10Q. These changes will come due in part to their acquisition of Human Brands, a company that since 2015 has generated an average of 302% annual revenue growth and has increased its asset holding by 2000%. With a focus on the craft spirit industry, specifically tequila, a market forecasted to grow 46% to $14.70 billion USD by 2028 offering investors a 5.8% CAGR, this stock could have investors buzzing like ROAG’s consumers.
Eastside Distilling Inc. (NASDAQ:EAST) stock has seen witnessing high volatility over the past few months with a fall of over 40% in the past month. Moreover, the stock has slumped 33% so far this year. On Monday, EAST stock was up 19% to $1.19 with more than 95k shares exchanged hands, below its average volume of 103K shares. Eastside Distilling, Inc. manufactures, acquires, blends, bottles, imports, exports, markets, and sells various alcoholic beverages.
Ambev S.A. (NYSE:ABEV) is another stock in the Distillery sector which has been consolidating the gaining momentum recently. The stock has moved up 5% over the past one week. Moreover, the stock has jumped 2% so far this year. The stock is trading above 22% from its 52-week low and 26% away from its 52-week high. Ambev S.A., through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food products in the Americas.
Diageo plc (NYSE:DEO) stock has been moving lower on profit booking after the rally. DEO stock ended higher by 0.97% to $203.95 with more than 452k shares exchanged hands, above its average volume of 569K shares. The stock is trading above 30% from its 52-week low and 9% away from its 52-week high. DEO reported interim results for the first half of fiscal 2022, ended Dec 31, 2021, wherein pre-exceptional earnings per share improved 22.5% year over year to 85.6 pence. This was backed by robust sales growth, operating margin expansion and productivity savings, partially offset by higher taxation and adverse currency impact.
Keurig Dr Pepper Inc. (NASDAQ:KDP) is another stock in the Distillery sector which has been showing consistent rally. The stock has moved up 5% over the past one quarter. KDP stock closed higher by 0.82% to $37.95 with volume of 8.51 million shares, compared to its average volume of 5.67 million shares. Keurig Dr Pepper Inc. operates as a beverage company in the United States and internationally.
Compañía Cervecerías Unidas S.A. (NYSE:CCU) stock has been consolidating after the recent rally. CCU stock ended higher by 0.91% to $16.67 with more than 132k shares exchanged hands, above its average volume of 137K shares. The stock is trading above 13% from its 52-week low and 18% away from its 52-week high.
