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U.S. Beverage Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies62
  • 7D1.4%
  • 3M8.0%
  • 1Y4.6%
  • YTD6.5%

In the last week, the Beverage industry is up 1.4%, with PepsiCo up 2.6%. In the last 12 months, the industry was up 4.6%. Earnings are forecast to grow by 9.0% annually.

Industry Valuation and Performance

Has the U.S. Beverage Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026US$742.3bUS$221.4bUS$26.9b25.2x27.6x3.4x
Tue, 03 Mar 2026US$812.6bUS$221.9bUS$27.0b25.7x30.1x3.7x
Thu, 29 Jan 2026US$755.7bUS$225.9bUS$25.8b24.2x29.3x3.3x
Sat, 27 Dec 2025US$816.2bUS$225.5bUS$25.8b22.7x31.6x3.6x
Mon, 24 Nov 2025US$724.9bUS$225.1bUS$25.8b23.2x28.1x3.2x
Wed, 22 Oct 2025US$721.5bUS$223.4bUS$28.6b24x25.2x3.2x
Fri, 19 Sep 2025US$689.2bUS$222.7bUS$26.4b24.1x26.1x3.1x
Sun, 17 Aug 2025US$732.5bUS$222.4bUS$26.4b27.3x27.7x3.3x
Tue, 15 Jul 2025US$704.1bUS$220.6bUS$26.8b28.6x26.3x3.2x
Thu, 12 Jun 2025US$711.6bUS$220.6bUS$27.1b29.2x26.2x3.2x
Sat, 10 May 2025US$714.3bUS$220.3bUS$27.2b29.2x26.2x3.2x
Mon, 07 Apr 2025US$723.8bUS$219.7bUS$28.0b28.3x25.9x3.3x
Wed, 05 Mar 2025US$743.6bUS$219.5bUS$28.0b28.4x26.5x3.4x
Fri, 31 Jan 2025US$674.9bUS$212.9bUS$28.3b22.6x23.9x3.2x
Sun, 29 Dec 2024US$691.3bUS$213.1bUS$28.2b22.7x24.5x3.2x
Tue, 26 Nov 2024US$717.7bUS$213.5bUS$28.2b26x25.4x3.4x
Thu, 24 Oct 2024US$768.5bUS$213.7bUS$28.5b26.8x27x3.6x
Sat, 21 Sep 2024US$775.7bUS$214.1bUS$30.8b23.4x25.2x3.6x
Mon, 19 Aug 2024US$757.9bUS$214.8bUS$30.9b23.2x24.5x3.5x
Wed, 17 Jul 2024US$724.3bUS$214.4bUS$30.9b22.3x23.5x3.4x
Fri, 14 Jun 2024US$725.1bUS$213.5bUS$29.7b24.8x24.4x3.4x
Sun, 12 May 2024US$769.5bUS$214.9bUS$29.8b25.9x25.8x3.6x
Tue, 09 Apr 2024US$737.4bUS$213.4bUS$29.2b25.2x25.3x3.5x
Thu, 07 Mar 2024US$731.8bUS$213.0bUS$28.8b26.9x25.4x3.4x
Sat, 03 Feb 2024US$745.5bUS$211.4bUS$27.1b29x27.5x3.5x
Mon, 01 Jan 2024US$740.1bUS$211.5bUS$27.1b28.9x27.3x3.5x
Wed, 29 Nov 2023US$727.8bUS$211.4bUS$27.1b29.1x26.9x3.4x
Fri, 27 Oct 2023US$691.0bUS$209.4bUS$26.4b27.4x26.2x3.3x
Sun, 24 Sep 2023US$735.9bUS$207.4bUS$23.6b29.7x31.2x3.5x
Tue, 22 Aug 2023US$765.5bUS$207.5bUS$23.6b32.8x32.4x3.7x
Thu, 20 Jul 2023US$776.2bUS$205.8bUS$22.2b32.9x35x3.8x
Sat, 17 Jun 2023US$773.0bUS$203.3bUS$21.1b34.3x36.7x3.8x
Mon, 15 May 2023US$793.1bUS$202.8bUS$21.0b34.8x37.8x3.9x
Wed, 12 Apr 2023US$754.9bUS$199.0bUS$23.1b34.1x32.7x3.8x
Price to Earnings Ratio

32.7x


Total Market Cap: US$754.9bTotal Earnings: US$23.1bTotal Revenue: US$199.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Beverage Industry Price to Earnings3Y Average 27.7x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Beverage industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 27.7x.
  • The industry is trading close to its 3-year average PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Beverage industry have grown 5.2% per year over the last three years.
  • Revenues for these companies have grown 3.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Consumer Staples industry?

US Market3.46%
Consumer Staples1.41%
Beverage1.37%
Brewers2.22%
Soft Drinks1.47%
Distillers and Wine Makers-0.65%
Industry PE
  • Investors are most optimistic about the Soft Drinks industry, which is trading close to its 3-year average PE ratio of 26.6x.
    • Analysts are expecting annual earnings growth of 8.4%, which is lower than the prior year's growth of 12.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Brewers industry, expecting annual earnings growth of 43% over the next 5 years.
  • However this is lower than its past earnings growth rate of 81% per year.
  • In contrast, the Soft Drinks industry is expected to see its earnings grow by 8.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
PEP PepsiCoUS$157.012.6%
+US$5.4b		7.1%PE26x
KO Coca-ColaUS$76.721.3%
+US$4.3b		9.7%PE25.2x
COKE Coca-Cola ConsolidatedUS$194.697.4%
+US$891.3m		49.1%PE22.7x
KOF Coca-Cola FEMSA. deUS$98.763.3%
+US$670.2m		6.4%PE15.5x
MNST Monster BeverageUS$72.370.8%
+US$528.1m		26.8%PE37.1x

Latest News

KOF
US$98.76
Coca-Cola FEMSA. de
7D
3.3%
1Y
6.4%

KOF: Dividend Visibility And Margin Execution Will Drive Future Return Profile

Analysts have nudged the fair value estimate for Coca-Cola FEMSA higher from $108.19 to $113.39, reflecting updated views on revenue growth, profit margin assumptions, and recent Street price target revisions that include both modest raises and valuation driven downgrades. Analyst Commentary Recent Street research on Coca-Cola FEMSA points to a mixed but largely balanced view, with some analysts adjusting price targets higher while others are more cautious around valuation at current share price levels.
MNST
US$72.37
Monster Beverage
7D
0.8%
1Y
26.8%

MNST: International And Zero Sugar Demand Should Support Future Upside

Monster Beverage's updated analyst price target edges lower to reflect slightly reduced fair value and margin assumptions, even as analysts point to solid sales trends and ongoing category growth as support for the longer term story. Analyst Commentary Recent research shows a mix of optimism and caution around Monster Beverage, with many firms adjusting price targets after Q4 results and the subsequent share pullback.
KDP
US$25.31
Keurig Dr Pepper
7D
-3.5%
1Y
-25.1%

KDP: 2026 Product Lineup And JDEP Integration Will Support Upside Repricing

Analysts have lowered the blended fair value estimate for Keurig Dr Pepper by about $0.43 per share to $35.29. This reflects updated price targets that incorporate modest adjustments to growth, profitability assumptions, and future P/E expectations following recent target changes from firms including Deutsche Bank, Barclays, and Wells Fargo.
MGPI
US$18.49
MGP Ingredients
7D
-0.6%
1Y
-31.7%

MGPI: Branded Spirits Execution Will Drive Re Rating As Industry Reset Unfolds

Analysts have trimmed MGP Ingredients' average price target to about $28.80. This reflects cautious views on the company's 2026 outlook and broader industry headwinds, even after recent quarterly results came in ahead of expectations.
BF.B
US$26.75
Brown-Forman
7D
-1.6%
1Y
-16.5%

BF.B: Recent Upgrades And Buyback Execution Will Support Future Share Upside

Brown-Forman’s analyst price target has been nudged higher to $37.00 from $36.54 as analysts factor in slightly firmer long term revenue growth assumptions, a modest tweak to future P/E expectations, and recent upgrades alongside mixed target resets across the Street. Analyst Commentary Recent research shows a split tape on Brown-Forman, with several price target cuts earlier in the year followed by a cluster of upgrades and more constructive commentary closer to the latest model updates.
SAM
US$240.83
Boston Beer Company
7D
4.8%
1Y
-1.6%
PRMB
US$18.72
Primo Brands
7D
2.6%
1Y
-43.9%
IPST
US$0.24
IP Strategy Holdings
7D
-11.6%
1Y
-97.6%
AMZE
US$0.13
Amaze Holdings
7D
-33.9%
1Y
-98.7%
STZ
US$151.20
Constellation Brands
7D
-0.1%
1Y
-13.0%

STZ: Stabilizing Beer Trends And Cautious Guidance Will Support Recovery Into 2026

Analysts have made a modest upward revision to the implied value for Constellation Brands, with the anchor price target edging from about $171 to $172 as they weigh mixed target moves across the Street, steadier beer trends, Q3 results that were better than feared, and views of the stock as a controversial recovery story that still has investor interest. Analyst Commentary Street research on Constellation Brands has been mixed, with several firms tweaking price targets around recent Q3 results and reassessing how much of a recovery is already reflected in the shares.
KO
US$76.72
Coca-Cola
7D
1.3%
1Y
9.7%
TAP
US$44.04
Molson Coors Beverage
7D
1.5%
1Y
-28.0%

TAP: 2026 Earnings Reset And Cost Pressures Will Limit Horizon 2030 Upside

Molson Coors Beverage’s analyst price targets have generally moved lower, with the model fair value estimate trimmed from $36.94 to $36.00 as analysts factor in softer 2026 earnings guidance, flattish sales expectations, cost headwinds, and mixed views on the Horizon 2030 plan. Analyst Commentary Recent research coverage on Molson Coors points to a more cautious tone, with multiple price target cuts clustered around the company’s Q4 results and its 2026 outlook.
PEP
US$157.01
PepsiCo
7D
2.6%
1Y
7.1%
COKE
US$194.69
Coca-Cola Consolidated
7D
7.4%
1Y
49.1%