In this piece, we will take a look at the five fastest growing energy drink stocks in the U.S. For more details about the global energy drink industry, take a look at 10 Fastest Growing Energy Drink Stocks in the US.
6. Campbell Soup Company (NYSE:CPB)
Number of Hedge Fund Investors In Q3 2023: 57
Share Price Performance: 25.62%
A somewhat counterintuitive pick for a list of energy drink stocks in the U.S., the Campbell Soup Company (NYSE:CPB) nevertheless deserves a mention as it sells the V-Fusion+ energy drinks in America. The shares are rated Hold on average and the average analyst share price target is $45.
For their Q3 2023 shareholdings, 57 out of the 910 hedge funds covered by Insider Monkey’s research had bought Campbell Soup Company (NYSE:CPB)’s shares. Jim Simons’ Renaissance Technologies was the biggest investor as it owned $184 million worth of shares.
7. Keurig Dr Pepper Inc. (NASDAQ:KDP)
Number of Hedge Fund Investors In Q3 2023: 40
Share Price Performance: 18.73%
Keurig Dr Pepper Inc. (NASDAQ:KDP) is an American company headquartered in Burlington, Massachusetts. Best known for its Dr. Pepper carbonated beverage, the firm has also made several investments in energy drinks to further diversify its product portfolio.
By the end of last year’s third quarter, 40 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in Keurig Dr Pepper Inc. (NASDAQ:KDP). Ken Griffin’s Citadel Investment Group was the biggest shareholder since it held a $206 million stake.
Follow Keurig Dr Pepper Inc. (NYSE:KDP)
Follow Keurig Dr Pepper Inc. (NYSE:KDP)
8. National Beverage Corp. (NASDAQ:FIZZ)
Number of Hedge Fund Investors In Q3 2023: 17
Share Price Performance: 17.26%
National Beverage Corp. (NASDAQ:FIZZ) sells water, juice, energy drinks, and other beverages. The firm announced its latest fiscal quarter results in December 2023 which saw it grow earnings per share by 21% and post $300 million in revenue for the first time.
As of September 2023 end, 17 out of the 910 hedge funds tracked by Insider Monkey’s research had held a stake in the firm. National Beverage Corp. (NASDAQ:FIZZ)’s largest hedge fund investor is Jim Simons’ Renaissance Technologies due to its $166 million investment.
Follow National Beverage Corp (NASDAQ:FIZZ)
Follow National Beverage Corp (NASDAQ:FIZZ)
9. Suntory Beverage & Food Limited (OTC:STBFY)
Number of Hedge Fund Investors In Q3 2023: N/A
Share Price Performance: -25.27%
Suntory Beverage & Food Limited (OTC:STBFY) is a Japanese firm headquartered in Tokyo, Japan. It is a diversified beverage company that sells alcoholic and non alcoholic drinks. Along with the U.S., Suntory Beverage & Food Limited (OTC:STBFY) also has a presence in other countries, including those that belong to Asia-Pacific and Europe. Within the U.S. the firm distributes several energy drinks such as its V Energy Drink.
10. Dutch Bros Inc. (NYSE:BROS)
Number of Hedge Fund Investors In Q3 2023: 11
Share Price Performance: -35.21%
Dutch Bros Inc. (NYSE:BROS) is a drive through beverage company headquartered in Grants Pass, Oregon. The shares are rated Buy on average and analysts have set an average share price target of $34.33.
During Q3 2023, 11 out of the 910 hedge funds part of Insider Monkey’s database were Dutch Bros Inc. (NYSE:BROS)’s shareholders. Ken Griffin’s Citadel Investment Group was the biggest investor due to its $71 million stake.
Follow Dutch Bros Inc.
Follow Dutch Bros Inc.
Disclosure: None. The author received no additional compensation for this article over what is typically made by Insider Monkey. You can also take a look at 10 Best Long-Term Tech Stocks To Buy and 11 Best Industrial Dividend Stocks To Buy Now.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
