In this piece, we will take a look at the five largest beverage companies in the world in 2023. For more companies, head on over to 25 Largest Beverage Companies in the Word in 2023.
5. Starbucks Corporation (NASDAQ:SBUX)
Latest Market Capitalization: $121.53 billion
Starbucks Corporation (NASDAQ:SBUX) is the biggest specialty coffee retailer in the world. To gauge the scale of its operations, consider the fact that the firm has more than fifteen thousand locations in the U.S. alone. The firm was set up in 1971 and is based in Seattle, Washington.
By the end of last year’s fourth quarter, 61 of the 943 hedge funds part of Insider Monkey’s database had held a stake in Starbucks Corporation (NASDAQ:SBUX). The firm’s largest shareholder is Ken Fisher’s Fisher Asset Management with a $1 billion stake.
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4. Anheuser-Busch InBev SA/NV (NYSE:BUD)
Latest Market Capitalization: $130.68 billion
Anheuser-Busch InBev SA/NV (NYSE:BUD) is a Belgian company that has hundreds of beer brands in its portfolio. It is also one of the oldest companies on our list, and in the world, since it was set up in the fourteenth century of 1366. Anheuser-Busch InBev SA/NV (NYSE:BUD) is headquartered in Leuven, Belgium.
15 of the 943 hedge funds part of Insider Monkey’s fourth quarter of 2022 study had bought the firm’s shares. Out of these, Anheuser-Busch InBev SA/NV (NYSE:BUD)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 9.4 million shares that are worth $567 million.
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3. PepsiCo, Inc. (NASDAQ:PEP)
Latest Market Capitalization: $261.36 billion
PepsiCo, Inc. (NASDAQ:PEP) is one of the most iconic soft drink companies in the world and one of the most recognizable brands as well. It sells a variety of drinks such as Gatorade, Pepsi-Cola, Mountain Dew, and Aquafina mineral water. The firm is based in Purchase, New York.
Insider Monkey’s December quarter of 2022 survey covering 943 hedge funds revealed that 70 had invested in PepsiCo, Inc. (NASDAQ:PEP). The firm’s largest hedge fund shareholder is Terry Smith’s Fundsmith LLP which owns a $1.2 billion stake.
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2. The Coca-Cola Company (NYSE:KO)
Latest Market Capitalization: $276.58 billion
The Coca-Cola Company (NYSE:KO) is another iconic carbonated drink brand that runs one of the biggest logistics and distribution networks in the world. There are several separate companies that distribute their products in regions such as South America and Europe.
As of 2022 end, 58 of the 943 hedge funds surveyed by Insider Monkey had bought the firm’s shares. The Coca-Cola Company (NYSE:KO)’s largest hedge fund investor is none other than Warren Buffett’s Berkshire Hathaway with a $25.4 billion stake that comes courtesy of 400 million shares. Berkshire’s stake in Coca-Cola is also one of its longest held investments, with Buffett being on record saying that he will never sell the shares.
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Follow Coca Cola Co (NYSE:KO)
1. Kweichow Moutai Co., Ltd. (SHA:600519.SS)
Latest Market Capitalization: $310 billion
Kweichow Moutai Co., Ltd. (SHA:600519.SS) is a Chinese liquor company that was set up in 1999 and is based in Renhuai, China.
Disclosure: None. You can also take a look at 12 Gene Editing Stocks With the Best Long-Term Potential and 12 Best Silver Mining Stocks To Buy Now.
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