Top food and beverages stocks to explore in Thanksgiving week - YouTube

The Thanksgiving week typically sees  increased consumer spending as retailers offer  

special deals and discounts to attract more  customers to their stores. In addition, the  

period leading up to Thanksgiving Day on Nov 26  and the high-value sales days after Thanksgiving  

like the Black Friday and Cyber Monday sales  are a delight for both retailers and consumers.

It is typically the best period for the retail,  food, and travel companies to ramp up their  

sales. According to National Retail Federation  (NRF), this year’s US holiday sales are likely  

to grow by around 8.5% to 10.5% YoY. Although  October retail sales grew by a modest 1.7% MoM,  

the retailers are hopeful to cover the  sales gaps during the upcoming festivities.

As records show, the market sees increased  sales during the Thanksgiving holiday week.  

The spending could reach US$850 billion in  the closing month of the year, as per NRF.

Here, we explore five top food and  beverage stocks for thanksgiving week.

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Keurig Dr Pepper Inc. (NASDAQ: KDP)

Market Capitalization – US$50.6 billion

52 weeks price range - US$37.11 to US$29.52

The Birlington, Massachusetts-based company  provides non-alcoholic beverages, including 7UP,  

Schweppes, and Mott's, among others.

For the first nine months of  2021, the company earned revenue  

of US$9.29 billion, up from the previous year’s  comparable nine months revenue of US$8.50 billion.

The net income also increased to US$1.3 billion  

for the nine months compared to US$0.897  billion in the first nine months of 2020.

The beverage company has a P/E ratio of  29.51 and a forward P/E for one year of  

21.98. Its dividend yield is 2.13%, and  its annualized dividend is US$0.75%.

The stock closed at US$35.16 on November 19, 2021.

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Top Food and Beverage stock to  consider in the Thanksgiving week.

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Monster Beverage Corporation (NASDAQ: MNST)

Market Capitalization – US$47.7 billion

52 weeks price range – US$99.89 to US$82.96

The Corona, California-based Monster Beverage  is an energy drink provider. It develops,  

sells, and distributes energy beverages and  concentrates. Its portfolio includes Muscle  

Monster, Punch Monster, Relentless, Ultra Energy,  Espresso Monster, Power Play, Juice Monster, etc.

For the nine months ended September  30, 2021, its sales were US$4.1  

billion compared to US$3.4 billion for the same  period a year ago. The company booked a net income  

of US$1.06 billion against US$0.937 billion in the  previous year’s corresponding nine-month period.

Its P/E ratio is 31.65, and the forward P/E for  

one year is 34.88. The stock closed  at US$89.30 on November 19, 2021.

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Molson Coors Beverage (NYSE: TAP)

Market Capitalization – US$10.2 billion

52 weeks price range – US$61.48 to US$42.46

The Golden, Colorado-based TAP is one  of the largest beer producers globally.  

Its portfolio includes company-owned brands  like Coors, Miller, Blue Moon, Staropramen,  

and Vizzy, and partner brands include  Canada’s Topo Chico and Corona in Europe.

In the nine months ended September 30, 2021,  the company’s consolidated net sales were  

US$7,660.5 million. The consolidated  income before tax was US$1,129.5  

million compared to US$693.4 million in  the same period of the previous year.

The company has a forward P/E one year  of 10.90, a dividend yield of 2.96%,  

and an annualized dividend of US$1.36. The  stock closed at US$89.30 on November 19, 2021.

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Celsius Holdings, Inc. (NASDAQ: CELH)

Market Capitalization – US$5.5 billion

52 weeks price range - US$110.22 to US$30.11

The Boca Raton, Florida-based  beverage company develops, markets,  

sells, and distributes calorie-burning beverages.  Its drink flavors include wild berry, orange,  

lemon iced tea, and the non-carbonated drinks  include Raspberry Acai and Peach Mango Green Tea.

Its revenue and net income for the nine months  ended September 30, 2021, were US$210 million  

and US$7.29 million, respectively, compared  to revenue and net income of US$95 million  

and US$6.86 million, respectively, in the  corresponding period of the previous year.

The CELH stock has a P/E ratio of  667.73 and a forward P/E one year  

of 520.29. Its stock closed at  US$72.84 on November 19, 2021.

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(Food and Beverage stock in the  Thanksgiving week to consider)

Source - pixabay

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The Simply Good Foods Company (NASDAQ: SMPL)

Market Capitalization – US$3.76 billion

52 weeks price range – US$41.35 to US$21.21

The Denver, Colorado-based SMPL  provides shakes, nutritional bars,  

chips, cookies, and frozen pizza.  Its brands are Atkins and Quest.

For the fiscal year ended August 28, 2021,  

the company posted net sales of US$1 billion  compared to US$0.816 billion in FY 2020. The  

adjusted EBITDA was US$207 million for FY  2021 compared to US$153.9 million in FY 2020.

The SMPL has a P/E ratio of 58.6 and a forward  

P/E one year of 27.09. The company stock  closed at US$39.01 on November 19, 2021.

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Bottomline

Retailers generally see strong sales in  the Thanksgiving week. The retail and other  

consumer stocks get an opportunity to beef up  sales and close the year on a positive note.

For instance, besides Thanksgiving Day, activities  like Black Friday and Cyber Monday on close  

heels witness a huge sales extravaganza to the  delight of both consumers and retailers. These  

are some of the high-value sales days that  the retailers plan for months in advance.