7 Best Sugar Stocks to Buy According to Analysts

4. Keurig Dr Pepper Inc. (NASDAQ:KDP)

Upside Potential: 7.33%

Number of Hedge Fund Holders: 39

Keurig Dr Pepper Inc. (NASDAQ:KDP) has made a name for itself in the beverage sector by providing a diverse range of products, including coffee, flavored beverages, and soft drinks. A combination of strategic acquisitions, increased distribution efforts, and innovation has allowed the company to maintain its leading position in a cutthroat market. Given this, Keurig Dr Pepper is listed among the 7 best sugar stocks to buy according to analysts.

With a noteworthy 10% increase in Q4 revenue, Keurig Dr Pepper Inc. (NASDAQ:KDP)’s U.S. Refreshment Beverages division has been one of the main drivers of its growth. With the help of clever marketing strategies and the launch of new flavors like Dr Pepper Blackberry, the flagship brand, Dr Pepper, has maintained its market share growth. Furthermore, KDP’s premium brand Bai has expanded its market reach by offering fruit-based choices, which have improved the company’s standing.

Another key factor in Keurig Dr Pepper’s success has been its strategy to expand its distribution network. The company has incorporated brands including GHOST Energy, an energy drink, and Electrolit, a hydration-focused beverage, into its direct-store-delivery (DSD) system. While GHOST Energy gives Keurig Dr Pepper Inc. (NASDAQ:KDP) a competitive edge in the rapidly growing energy drink market, Electrolit is being positioned strategically for entry into mainstream retail. In addition to broadening KDP’s sources of income, these acquisitions give the company access to rapidly growing markets with significant potential.