Food & Beverages - Business Research Insights’ Post

3 Food and Beverage Stocks for Long-Term Investors The food and beverage market continues to thrive despite lingering macroeconomic conditions. Changing consumer preferences, advancement in digital technologies like AI and ML, and a rising worldwide population further present attractive opportunities for the industry. Given the industry’s promising outlook, investing in fundamentally strong food and beverage stocks Sysco Corporation (SYY - Get Rating), Tyson Foods, Inc. (TSN - Get Rating), and Coca-Cola Consolidated, Inc. (COKE - Get Rating) could be ideal for long-term investors. In the second quarter that ended September 30, 2023, COKE’s net sales increased 3.3% year-over-year to $1.79 billion. Its adjusted gross profit rose 6.4% year-over-year to $715.63 million. Its adjusted income from operations grew 9.7% from the year-ago value to $257.81 million. Also, the company’s adjusted net income came in at $192.76 million and $20.71 per share, up 11.8% and 12.6% from the previous year’s quarter, respectively. COKE’s stock has gained 60.2% over the past six months and 105.7% over the past year to close the last trading session at $1301.58. COKE’s POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The stock has a B grade for Sentiment and Quality. COKE is ranked #8 of 34 stocks within the B-rated Beverages industry. To see additional POWR Ratings of COKE for Growth, Value, Stability, and Momentum, click here. #food #beverage #beverages #foodandbeverages #needs #dailyneeds #products #business #businessunits #drinks #restaurant #culinary #hospitality Source: https://lnkd.in/d7sZtWEz

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