Celsius
Energy drink maker Celsius (NASDAQ:CELH) has had a difficult year. The stock is down 43.8% year-to-date as of Sept. 23.
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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Learn 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 it delivered revenue and earnings growth in the low single digits in the first half of 2024. However, it’s an inexpensive stock for bargain hunters, and the company does have a market cap of $1.6 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 has 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 trades at a forward price-to-earnings ratio of around 19.5 and offers an attractive 2.4% 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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