10 Best Alcohol Stocks to Buy According to Billionaires

3. Monster Beverage Corporation (NASDAQ:MNST)

Number of Billionaire Holders: 12

One of the biggest names in the global energy drinks market, Monster Beverage Corporation (NASDAQ:MNST) is known for brands like Monster Energy, Relentless, and Burn.

Monster Beverage Corporation (NASDAQ:MNST) had a mixed performance in Q4 2024, reporting record sales of $1.81 billion, up 4.74% YoY and surpassing the predicted $1.79 billion. However, the company’s adjusted EPS of $0.38 slightly missed estimates by $0.02. The company’s flagship Monster brand posted 13.7% YoY growth during the quarter, boosting its energy drink market share from 29.3% to 30%, despite the intense competition and a struggling market. However, the company’s alcohol segment continues to struggle with revenue slipping by 0.8% YoY, compounded by $130.7 million in impairment charges. Nevertheless, the beverage giant remains committed to diversifying through this segment, seeking international growth opportunities.

A significant strength of Monster Beverage Corporation (NASDAQ:MNST) is its strategic partnership with Coca-Cola, which has owned an approximate 16.7% stake in the company since 2015. This gives the energy drinks giant access to Coca-Cola’s vast global distribution network and provides it a competitive edge in international markets. MNST’s net sales outside the US were $711.5 million or 39.3% of total net sales in Q4 2024, compared to $637 million or 36.8% of total net sales in the corresponding quarter in 2023.