10 Best Beverage Stocks to Buy According to Analysts

7. Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Average Share Price Upside Potential as of February 20: 23.32%

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) is a franchise bottler of Coca-Cola trademark beverages, headquartered in Mexico City. The company produces and markets Coca-Cola products in various countries of Latin America. It also offers other sparkling beverages, and non-carbonated drinks and distributes beer products in different parts of the region.

During its Q4 2024 earnings call on February 21, Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) announced consolidated results for fiscal 2024. It reported a revenue of 279,793 million pesos, up 14.2% year-over-year due to volume growth and revenue management initiatives. Net income for the year stood at 23,729 million pesos, reflecting a 21.5% increase from last year, driven primarily by operating income growth.

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) continues to see growth momentum in its core business, which is helping it increase its customer base. The company is also digitizing several of its operations, especially through its Juntos+ software application, which is being deployed with AI capabilities and now has approximately 1.3 million active users in Latin America.

The company is optimistic about fiscal 2025 given the opportunities across the markets. Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) is also spending heavily on capital expenditure to expand its production and distribution capacity. It is one of the best beverage stocks to buy according to analysts, with a consensus Strong Buy rating and an average share price upside potential of over 23%.