5 best beer stocks to buy for Q4 2023

Plenty of people like drinking beer, though not everyone realises its strong investment credentials. On this page, find out what the best beer stocks are and why they are a good investment.
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Updated: May 3, 2023

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This page lists our top 5 stocks for investing in the beer market and other alcoholic drinks. In addition, you can find an explanation of the beer market as a whole and some advice on which trading platform to use to find and hold these stocks. 

What are the top beer stocks to buy in 2023?

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The table below includes some of the leading companies in the beer and brewing industry. To find out more information about each beer company in the table, simply scroll down.

#Stock symbolCompany nameTrade now
1SAMBoston Beer Company Inc.
2ABIAnheuser Busch Inbev SA
3HEIAHeineken N.V.
4STZConstellation Brands, Inc.
5TAPMolson Coors Beverage Company
List chosen by our team of analysts, updated October 2023.

To see why these beer companies have secured a spot on our list, scroll down to find out some additional details.

1. Boston Beer Company Inc. (NYSE: SAM)

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Founded in 1984 and based in Boston, Massachusetts, Boston Beer Company is the fourth largest brewery in the United States. The company produces and sells beer, hard cider, malt beverage and hard seltzer. 

Boston Beer Company now creates an annual net revenue of well over $1 billion, selling in excess of 5 million US beer barrels to consumers. The rapid growth of the company’s operations is what has landed Boston Beer Company stock a spot on our list, and it will be interesting to see if this can continue. 

Over the course of the last decade, the company’s share price has consistently grown, and it now has a market cap of over $13 billion. With only around 2,000 employees, we wouldn’t be surprised if the company providing the official beer of the Boston Red Sox continues to grow and prosper.

2. Anheuser Busch Inbev SA (EBR: ABI)

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Anheuser Busch Inbev SA is the world’s largest beer company, which is some feat considering it was only established in 2008. It now sells 630 beer brands in 150 countries, and it has regional headquarters in 4 continents. The story of the company is mainly based on acquisitions, with numerous mergers leading the company to where it is today.

The company now creates over $50 billion in revenue and this is underpinned by sales of products from some of the world’s biggest beer brands such as its flagship brand, Becks, Budweiser and Corona. In the last 5 years, the company’s share price has struggled, though it now appears to be on the comeback trail. 

The main reason Anheuser Busch Inbev SA is on our list is because of its fundamental value. Its total assets are worth well over $200 billion, and with a market cap of around $100 billion, we expect the company’s valuation could progress in the near future as its sales growth continues to contribute to net income growth each year.

3. Heineken N.V. (AMS: HEIA)

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Founded in 1864, Heineken is a Dutch brewing company that owns over 165 breweries in more than 70 countries, producing 250 different beers and ciders including Heineken, Amstel, Red Stripe, Bulmers and Strongbow. This excellent portfolio of brands has secured Heineken a place on our list. 

Over the course of the last 5 years, HEIAs share price has been fairly volatile, though, since March 2020, it has experienced a dramatic resurgence in price. It is now valued at around €50 billion, creating over $20 billion in revenue per year. The company also pays higher dividends than the average for the beer industry.

As an integral partner of the UEFA Champions League and several other major sporting tournaments, Heineken has strongly positioned itself as a popular beer stock for sports enthusiasts and pug goers around the world. With over 70,000 employees, we wouldn’t be surprised if Heineken scales up operation in the coming years. 

4. Constellation Brands, Inc. (NYSE: STZ)

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Founded in 1945 and based in New York, Constellation Brands produces and markets beers, wines and spirits. It is the largest beer import company in the entire United States based on sales, it has the third-largest market share amongst major beer suppliers, and its wide portfolio of flagship brands has grown to more than 100 companies.

As far as the company’s financial performance, its annual revenue is over $7 billion, and its share price has performed well in the last decade. The reason Constellation Brands has found its way onto our list is its solid dividend yield of over 1% and the fact is has diversified its business with a $4 billion investment in Canadian cannabis company Canopy Growth.

With a diverse portfolio of brands and new investments in medicinal and recreational marijuana, Constellation Brands may utilise its roughly 9,000 employees and 40 facilities to drive sales growth moving into the new decade. We expect to see its $45 billion market cap continue to grow. 

5. Molson Coors Beverage Company (NYSE: TAP)

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Molson Coors Beverage Company is based in Chicago and was created via a merger between Molson and Coors in 2005. With over 17,000 employees, the company creates around $10 billion in revenue per year and has a market cap of around $12 billion. It produces alcoholic beverages like Coors Light and hard seltzer.

The main reason that Molson Coors is on this list is its high dividends; while its share price performance has been lacklustre, and it trades at a low p-e ratio, its consistent annual dividend yield of around 4% makes it very attractive if your timeline is longer term. 

With a portfolio of major brands and such large-scale operations, we think a bounce back for Molson Coors stock is feasible. It has scope to increase its net sales and other important fundamental metrics to compete with other, larger beer stocks.

Where to buy the best beer stocks

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If you want to get one of the top beer stocks, you should sign up to a reliable stockbroker with low fees. These are services that allow you to control your entire investment portfolio from a single interface, and many of them now offer high-quality apps so that you start investing in beer stocks on the go as well.

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What is a beer stock?

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Beer stocks are companies that manufacture, sell or distribute beer and other alcoholic beverages. They are often breweries, though they can incorporate non-alcoholic beverages as part of a diversified production portfolio. 

Along with the craft beer itself, a beer company may also produce 0%, non-alcoholic drinks, along with things like hard seltzer, which are increasingly popular with younger drinkers.

Are beer stocks a good investment?

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Finding a new, independent craft beer company can be a very good investment. If you’re an income investor, then so too can investing in beer stocks that have been around a while and which pay out dividends. However, there are a few headwinds to consider before you invest.

Broadly, beer stocks have underperformed the wider stock market in recent years. This has been caused by a slight tail-off in demand, thanks in part to the COVID-19 crisis,. Though some of the issues facing the beer industry are actually the consequences of consolidation. 

When the big beer companies started to hoover up the smaller craft beer companies around a decade ago, many people expected this to be a big win for shareholders. However, the market share for big beer businesses has actually decreased, and pricing power no longer appears to be as significant a factor. 

The rise of alternatives, such as brewpubs, microbreweries, and regional brewers, along with the growing popularity of the craft brew alliance, has challenged the status quo. The big beer companies will likely chase further acquisitions to make up for lost revenue, so don’t write them off just yet. If you want to find more about the latest beer stock news, click on a relevant link below.

Latest food & beverage news

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Charlie Hancox
Financial Writer
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player, and as a budding film director, has... read more.
Jayson Derrick
Senior Editor of News
Jayson lives in Montreal with his wife and daughter, loves watching hockey, and is on a lifelong quest to perfect the art of Texas style BBQ.... read more.