Global Food, Beverage & Tobacco Potentially Undervalued Companies

Beijing Shunxin AgricultureLtd

Market Cap: CN¥11.5b

Primarily engages in the brewing and sale of liquor products under the Niu Lanshan and Ningcheng brands.

Mondelez International

Market Cap: €81.7b

Through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe.

Constellation Brands

Market Cap: €24.5b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

Shanghai Bright Meat Group

Market Cap: CN¥6.5b

Engages in the production, manufacture, and distribution of food products in China.

Gansu Dunhuang Seed GroupLtd

Market Cap: CN¥3.3b

Engages in the seed, cotton, and food processing businesses in China and internationally.

SalMar

Market Cap: €72.6b

An aquaculture company, produces and sells farmed salmon in Asia, North America, Europe, and internationally.

Nestlé

Market Cap: €192.0b

Operates as a food and beverage company.

Diageo

Market Cap: €39.9b

Engages in the production, marketing, and distribution of alcoholic beverages in North America, Europe, the Asia Pacific, Latin America and Caribbean, and Africa.

PepsiCo

Market Cap: US$196.0b

Engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide.

Shede Spirits

Market Cap: CN¥19.8b

Designs, produces, and sells of liquor products in China.

Coca-Cola

Market Cap: CA$287.4b

A beverage company, manufactures and sells various nonalcoholic beverages in the United States and internationally.

Zambeef Products

Market Cap: UK£628.2m

Engages in the agri-businesses in Zambia, Nigeria, and Ghana.

Raisio

Market Cap: €392.8m

Produces and sells food and food ingredients in Finland, the United Kingdom, Ireland, Belgium, and the Netherlands.

Kulmbacher Brauerei Aktien-Gesellschaft

Market Cap: €133.1m

Engages in the brewery business in Germany and internationally.

BestoreLtd

Market Cap: CN¥5.1b

Engages in the production, sale, and distribution of snack foods.

Keurig Dr Pepper

Market Cap: €34.8b

Owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally.

Vita Coco Company

Market Cap: US$2.4b

Develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific.

Philip Morris International

Market Cap: CHF 250.4b

Operates as a tobacco company.

Fleury Michon

Market Cap: €101.5m

Produces and sells food products in France and internationally.

Shenguan Holdings (Group)

Market Cap: €953.0m

An investment holding company, engages in the manufacture and sale of edible collagen sausage casing products in Mainland China, Asia, and internationally.

Ambev

Market Cap: AR$187.0b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada.

JDE Peet's

Market Cap: €15.1b

Operates as a coffee and tea company worldwide.

Nichols

Market Cap: €416.9m

Engages in supply of soft drinks to the retail, wholesale, catering, licensed, and leisure industries in the United Kingdom, the Middle East, Africa, and internationally.

Beijing Sanyuan Foods

Market Cap: CN¥7.0b

Produces, processes, and sells dairy products, cold drinks, beverages, and food products in China and internationally.

Pulau Subur

Market Cap: Rp379.3b

Provides palm oil development services in Indonesia.

Orkla

Market Cap: NOK 103.1b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

Coca-Cola

Market Cap: €287.4b

A beverage company, manufactures and sells various nonalcoholic beverages in the United States and internationally.

Rémy Cointreau

Market Cap: €2.4b

Engages in the production, sale, and distribution of liqueurs and spirits.

Anora Group Oyj

Market Cap: €205.4m

Produces, imports, markets, distributes, and sells alcoholic beverages in the Finland, Europe, and internationally.

Shandong Longda Meishi

Market Cap: CN¥5.2b

Operates as a meat processing company in China.

Orkla

Market Cap: US$103.1b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

B.F

Market Cap: €1.1b

Operates in the agro-industrial industry in Italy.

Select Harvests

Market Cap: €568.4m

Engages in the growing, processing, packaging, and selling of almonds and its by-products in Australia.

Nissin Foods HoldingsLtd

Market Cap: €771.4b

Manufactures and sells instant foods in Japan, the United States, and internationally.

Kaldvik

Market Cap: ISK 2.1b

Engages in the salmon farming business in Iceland.

Danone

Market Cap: CHF 47.7b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.