Celsius
Energy drink maker Celsius (NASDAQ:CELH) has had a difficult year. The stock was down around 50% year-to-date as of Nov. 22.
However, the underlying financials seem to tell a different story. Celsius announced $757.7 million in revenue during the first half of 2024, up 29% from the previous year. It also reported gross profit increased 43% to $391.3 million over the same period.
The company maintains a distribution partnership with PepsiCo, which may help it gain further market share from its larger rivals. Investors keen for a contrarian bet in the energy drink market might want to keep a close eye on this stock.
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Read MoreVita Coco
Although the Vita Coco Company (NASDAQ:COCO) has a broad portfolio of beverage brands, the flagship coconut drink is its most important asset. It reported, as of June 30, the brand had about 50% market share in the U.S. coconut water segment, making it a leader in this niche category.
Vita isn’t a grande story, as net sales declined 4% in the third quarter of 2024 while remaining flat year-to-date. However, it’s an inexpensive stock for bargain hunters, and the company does have a market cap of $2 billion.
Value investors looking for a low-risk, low-valuation stock could add Vita Coco to their watchlist.
Keurig Dr Pepper
Although Dr Pepper is a 139-year old brand, for much of its history it’s been a distant competitor to rivals Coca-Cola and Pepsi. However, after recent investments in new marketing the brand, as of June, it had managed to become America’s second-most popular beverage, according to The Wall Street Journal, citing sales data from Beverage Digest.
Despite this unlikely achievement, Keurig Dr Pepper (NASDAQ:KDP) appears to remain an undervalued and overlooked stock. It currently offers an attractive 2.81% dividend yield.
The company could attract more attention and investment if it manages to cement its position as a top-tier soda brand.
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