10 Best Alcohol Stocks to Buy According to Billionaires

4. Molson Coors Beverage Company (NYSE:TAP)

Number of Billionaire Holders: 11

Molson Coors Beverage Company (NYSE:TAP) is a global beverage and brewing giant with a diverse portfolio that includes a variety of beer brands, spirits, and non-alcoholic beverages. With a 4.4% share of the global beer production in 2023, Molson Coors is the 5th-largest brewing company in the world.

Molson Coors Beverage Company (NYSE:TAP) had a strong Q4 2024 as it retained a substantial portion of its sizable share gains from 2023 and earned unprecedented levels of shelf space for its core power brands in the US. The company reported an adjusted EPS of $1.3, topping estimates by $0.17. And although the brewing giant’s revenue declined by almost 2% YoY during the quarter to $2.74 billion, it was above market expectations by over $31.6 million. The company’s premiumization strategy is also paying off and its above premium portfolio accounted for 27% of total net brand revenue for the year 2024. Molson Coors remains financially healthy, generating more than $1.2 billion in underlying free cash flow during the year, allowing it to return $1 billion in cash to shareholders through a growing dividend and share repurchases.

Shares of Molson Coors Beverage Company (NYSE:TAP) were held by 39 hedge funds in the Insider Monkey database at the end of Q4 2024, with AQR Capital Management holding the largest stake worth over $250.45 million.