Top 10 Alcohol Stocks to Invest In (2025)

Alcohol stocks have long been a quiet powerhouse in many investors’ portfolios. These companies tend to deliver steady returns, fueled by consistent global demand, in good times and bad.

But is it the best way to invest in spirits, beer, and wine?

Will stocks guarantee you consistent growth even during economic downturns?

The truth is that investing in alcohol stocks may not be as straightforward as grabbing a pint of your favorite beer brand.

We’ll show you 10 of the best-performing alcohol and wine stocks and the pros and cons of investing in liquor stocks.

You’ll also discover a smarter and hassle-free way to invest in the attractive wine market — investing in wine bottles through Vinovest.

This Article Contains:

• What Are Alcohol Stocks?
• 10 Best Alcohol Stocks to Invest In (2025)
• Why Should You Invest in Alcohol Stocks?
• The Downside of Investing in Alcohol Stocks
• A Lucrative Alternative: Investing in Fine Wine Bottles
• How to Invest in Fine Wines Through Vinovest

What Are Alcohol Stocks?

Alcohol stocks are the stocks of alcoholic beverage companies that make and distribute beer, wine, and spirits. 

They fall into a category called “sin stocks” (similar to a vice fund), which includes marijuana stocks, tobacco stocks, gambling, and weapons manufacturers.

What are the best alcohol and wine stocks to add to your portfolio?

10 Best Alcohol Stocks to Invest In (2025)

Here’s a handpicked list of liquor stocks that could give you attractive returns:

1. Constellation Brands (NYSE: STZ)
2. Ambev SA (NYSE: ABEV)
3. Molson Coors Beverage (NYSE: TAP)
4. Anheuser Busch InBev SANV (NYSE: BUD)
5. Willamette Valley Vineyard (NASDAQ: WVVI)
6. Radico Khaitan Ltd (NSE: RADICO)
7. Globus Spirits Ltd (NSE: GLOBUSSPR)
8. United Breweries Ltd (NSE: UBL)
9. LVMH Moet Hennessy Louis Vuitton SE (EPA: MC)
10. Heineken NV (AMS: HEIA)

1. Constellation Brands (NYSE: STZ)

Constellation Brands is a beer, wine, and spirits producer headquartered in New York, USA.

This firm has over 100 popular brands in its portfolio, including wine brand labels like Robert Mondavi, Wild Horse Winery, Opus One, Ravenswood Winery, and Clos du Bois.

Constellation Brands, Inc also owns beer brands like Corona, Modelo Especial, and Pacífico. Its other popular alcoholic beverage brands include Svedka Vodka, Casa Noble Tequila, and High West Whiskey (a reputed American whiskey brand).

Interestingly, its revenue increased by 2.39% since 2021, and the operating free cash flow has been up 6.98% since 2020.

Historical Stock Price Performance Chart

Source: Google Finance

• P/E ratio (TTM): N/A
• Earnings per share (EPS): - 0.45
• Dividend yield: 2.16%
• Market cap: $34.12 billion

Company Fundamentals (2024)

• Revenue: $9.96 billion
• Operating expense: $1.83 billion
• Net profit margin: 17.34

2. Ambev SA (NYSE: ABEV)

Ambev SA is a Brazilian beverage company headquartered in São Paulo. It produces and distributes beer, soft drinks, and non alcoholic beverages across 18 countries in the Americas, including Brazil, Argentina, Canada, and the Caribbean.

Ambev's beer portfolio includes brands like Skol, Brahma, Antarctica, Budweiser, and Quilmes.

As of 2023, Ambev reported annual revenues of approximately $16 billion and employed around 43,000 people.

Historical Stock Price Performance Chart

Source: Google Finance

• P/E ratio (TTM): 15.22
• Earnings per share: 0.16
• Dividend yield: 5.45%
• Market cap: $38.40 billion

Company Fundamentals (2024)

• Revenue: $27.04 billion
• Operating expense: $7.01 billion
• Net profit margin: 18.05

3. Molson Coors Beverage (NYSE: TAP)

Chicago-based Molson Coors Beverage Company was established in 2005 and is the merger of Molson of Canada (founded in 1786) and Coors of the US (founded in 1873).

It’s the second-largest brewer by alcoholic beverage sales volume in the United States and the world’s fifth-largest.

Molson Coors owns several brands, including Coors Light, Molson Canadian, Coors Banquet, Carling, Hop Valley, Blue Moon, and Crispin Cider.

It has a relatively small group of craft beer products in its portfolio compared to smaller breweries in the United States. However, with its top brands, Molson Coors is expected to maintain strong pricing power that will continue to boost its profit margin over time.

Historical Stock Price Performance Chart

Source: Google Finance

• P/E ratio (TTM): N/A
• Earnings per share: -1.20
• Dividend yield: 2.54%
• Market cap: $13.75 billion

Company Fundamentals (2022)

• Revenue: $10.70 billion
• Operating expense: $2.64 billion
• Net profit margin: -1.64

4. Anheuser Busch InBev SA (NYSE: BUD)

Anheuser Busch InBev SANV (AB InBev) is a beer and soft drink company headquartered in Leuven, Belgium.

AB InBev owns over 400 beer brands, including Budweiser, Corona, Stella Artois, Hoegaarden, and Leffe.

The company’s non-alcoholic beverages business has signed production agreements with PepsiCo and Ambev SA (ABEV). Pepsi, Gatorade, and 7UP are the brands distributed under these agreements.

Historical Stock Price Performance Chart

Source: Google Finance

• P/E ratio (TTM): 23.38
• Earnings per share: 2.86
• Dividend yield: 1.60%
• Market cap: $128.28 billion

Company Fundamentals (2024)

• Revenue: $59.77 billion
• Operating expense: $17.78 billion
• Net profit margin: 9.80

5. Willamette Valley Vineyard (NASDAQ: WVVI)

Jim Bernau’s Willamette Valley Vineyards is situated in Oregon. It makes wines from Dijon clone Chardonnay, Pinot Gris, Pinot Noir, and Riesling grapes.

Willamette Valley Vineyards is one of the pioneers in Oregon winemaking. Notably, the company is the first crowdfunded winery in the United States.

While the company is experiencing a short-term share price dip, its stock value increased by 16% in the past year (and surged by 41% in the past three years). So, investors can get a solid return from the Willamette Valley Vineyard wine stock in the long run.

Historical Stock Price Performance Chart

Source: Google Finance

• P/E ratio (TTM): N/A
• Earnings per share: - 0.48
• Dividend yield: N/A
• Market cap: $29.79 million

Company Fundamentals (2024)

• Revenue: $11.28 million
• Operating expense: $5.87 million
• Net profit margin: 4.35

6. Radico Khaitan Ltd (NSE: RADICO)

Radico Khaitan Ltd is an Indian alcoholic beverages company headquartered in New Delhi. It produces Indian Made Foreign Liquor (IMFL), including whisky, vodka, rum, brandy, and gin.

Some of its notable spirits brands include 8 PM Whisky, Magic Moments Vodka, Contessa Rum, Old Admiral Brandy, Morpheus Brandy, Rampur Indian Single Malt Whisky, and Jaisalmer Indian Craft Gin.

The company has been recognized among India’s most valuable companies by major publications such as The Economic Times, Forbes, and Business Standard. Despite industry-wide challenges in 2020, Radico Khaitan secured a spot in the Fortune India 500 list.

Historical Stock Price Performance Chart

Source: Google Finance

• P/E ratio (TTM): 109.44
• Earnings per share: 22.90
• Dividend yield: 0.12%
• Market cap: $3.94 billion

Company Fundamentals (2024)

• Revenue: $480 million
• Operating expense: $150 million
• Net profit margin: 6.37

7. Globus Spirits Ltd (NSE: GLOBUSSPR)

Globus Spirits Ltd operates five grain-based distilleries across India, with a combined annual capacity of 301 million liters and a bottling capacity of approximately 4 million cases.

It produces Extra Neutral Alcohol (ENA), ethanol, and other industrial spirits, and handles franchise bottling for reputed beer and spirits brands like United Spirits and Bacardi.

In the fiscal year ending in 2024, the manufacturing segment contributed 67% to the company's revenue, with total bulk alcohol sales growing 17% year-over-year to 208 million liters.

Historical Stock Price Performance Chart

Source: Google Finance

• P/E ratio (TTM): 180.20
• Earnings per share: 6.01
• Dividend yield: 0.33%
• Market cap: $370 million

Company Fundamentals (2024)

• Revenue: $280 million
• Operating expense: $75 million
• Net profit margin: 4.00

8. United Breweries Ltd (NSE: UBL)

United Breweries Ltd is headquartered in Bangalore and is esteemed for being India's largest beer brand.

Its flagship brand is Kingfisher, encompassing variants such as Kingfisher Premium, Strong, Ultra, Ultra Max, Ultra Witbier, Storm, and Blue.

The company also markets international brands like Heineken and Amstel.

Historical Stock Price Performance Chart

Source: Google Finance

• P/E ratio (TTM): 137.79
• Earnings per share: 16.19
• Dividend yield: 0.45%
• Market cap: $6.93 billion

Company Fundamentals (2024)

• Revenue: $950 million
• Operating expense: $340 million
• Net profit margin: 5.05

9. LVMH Moet Hennessy Louis Vuitton SE (EPA: MC)

LVMH (Loius Vuitton - Moet Hennessy) is a French conglomerate specializing in luxury goods and alcoholic beverages.

This company was founded in 1987 and is now the official distributor of luxury brands like Dior, Sephora, and Fendi. It also owns alcohol brands like Dom Perignon, Hennessy, and Cheval Blanc.

Historical Stock Price Performance Chart

Source: Google Finance

• P/E ratio (TTM): 19.45
• Earnings per share: 25.11
• Dividend yield: 2.68%
• Market cap: $277.14 billion

Company Fundamentals (2024)

• Revenue: $97.20 billion
• Operating expense: $42.70 billion
• Net profit margin: 14.82

10. Heineken NV (AMS: HEIA)

Heineken N.V. is a Dutch multinational brewing company headquartered in Amsterdam. It operates in over 190 countries and offers a diverse portfolio of more than 300 beer and cider brands.

Heineken maintains a significant global footprint, with operations spanning Europe, the Americas, Africa, the Middle East, and Asia Pacific.

Historical Stock Price Performance Chart

Source: Google Finance

• P/E ratio (TTM): 45.31
• Earnings per share: 1.74
• Dividend yield: 2.97%
• Market cap: $52.12 billion

Company Fundamentals (2024)

• Revenue: $34.23 billion
• Operating expense: $8.03 billion
• Net profit margin: 3.28

Now, here’s something noteworthy:

According to data from Nielsen (a market research firm), the COVID-19 pandemic caused a short-term spike in alcohol sales in the US. Demand surged by 55% in the 3rd week of March 2021 compared to the same period in 2020.

That’s because consumers stocked up on alcohol before the shelter-in-place orders were introduced.

However, widespread job losses, decreased travel, and on-premise bar and restaurant closures negatively impacted alcohol sales. In fact, alcohol consumption dropped by 6.2% in 2020.

Let’s now explore the advantages of investing in these sin stocks.

Why Should You Invest in Alcohol Stocks?

Most alcoholic beverage companies have strong brands and high pricing power. They have a global distribution network and a higher cash flow — allowing them to pay higher dividends to stockholders.

But are they recession-resistant? Well, almost. More on that later.

1. Investing in Beer Stocks

The beer industry can be attractive to long-term investors. Beer companies usually perform well — ensuring a stable dividend return to shareholders.

Also, there’s been a major shift in consumer preferences. Customers are increasingly picking beer stocks of companies like Boston Beer Company (firms with craft beer, seltzers, and hard ciders in their portfolio) over the mass market beer makers.

2. Investing in Stocks of Other Spirits Like Whiskey

Most stocks of whiskey (like Jack Daniel or Johnnie Walker), rum, tequila, and other spirits pay dividends. For example, United Spirits, Kweichow Moutai, United Breweries, GM Breweries Ltd, Radico Khaitan Ltd., and Globus Spirits are steady dividend stocks.

Meanwhile, a stock like Brown-Forman stands out for its reliable dividend growth, driven by the enduring popularity of its American whiskey brands such as Jack Daniel’s and Woodford Reserve.

3. Investing in Wine Stocks

Wine has outperformed the S&P 500 by 1000% for the last 20+ years — even during downturns. The Liv-ex 100 index (which tracks the performance of the 100 most sought-after fine wines) also outperformed the Dow Jones average by over 4% in 2021.

What does all this mean for you?

A fine wine stock can be an attractive long-term investment.

However, there are also some negatives to parking your money in alcohol stocks.

The Downside of Investing in Alcohol Stocks

Here’s why you shouldn’t bank only on alcoholic beverage company stocks:

1. Performance Issues During Economic Downturns
2. Volatility (Even During Healthy Economic Climates)
3. Alcohol Stock Investing Takes a Lot of Time and Effort
4. Brokerage

1. Performance Issues During Economic Downturns

Despite being regarded as recession-resistant assets, some liquor stocks have underperformed during economic downturns.

For example, Diageo and Constellation Brands performed relatively poorly during the 2008 financial crisis.

During this period, analysts indicated that these beverage stocks fell to multi-year low valuations. Distillers and wineries saw the largest decline in P/E ratios, followed by soft drinks producers and brewers.

In 2025, the tariffs imposed by US President Donald Trump had a significant impact on liquor stocks, particularly affecting major European producers like Diageo and Pernod Ricard. The announcement of steep tariffs — up to 200% on European wine and spirits — led to immediate declines in stock prices for these companies.

For instance, Pernod Ricard (an esteemed spirits producer) reported a 3% drop in third-quarter sales, mainly because of uncertainty around tariffs in big markets like the US and China.​

2. Volatility (Even During Healthy Economic Climates)

When the markets are volatile during stable economic conditions, alcohol stock market prices tend to fluctuate.

In 2024, analysts indicated that Diageo's share price declined by approximately 10%. Meanwhile, the Constellation Brands sin stock experienced a significant price drop of 32.4% over a six-month period during the same year.

3. Alcohol Stock Investing Takes a Lot of Time and Effort

To identify the best picks for your portfolio, you’ll have to dedicate a lot of time to researching liquor companies, their market share, and other stock market trends.

4. Brokerage

To save time and effort, many investors entrust brokerage firms with their alcohol stock management. 

But if you do that, you have to shell out high commissions each time you buy or sell a stock. Additionally, you’ll likely have to deal with currency conversion and account maintenance charges.

Now, if you want to explore other ways to invest in alcohol companies, check out bonds, ETFs, or a mutual fund. But bear in mind that these options also come with their fair share of challenges.

So, is there an easier way to invest in the alcohol industry, especially wine?

Investing in wine bottles can be worth it!

A Lucrative Alternative: Investing in Fine Wine Bottles

Investing in wine bottles has a few key advantages over investing in alcohol stocks.

1. You can invest in a specific wine bottle (one from a particular year) that you believe will increase in price. Meanwhile, buying an alcohol stock forces you to bet on the company amongst a portfolio of different types of alcohol. 
2. In times of recession, alcohol consumption rises. This is a big advantage for wine investors since the demand for wine bottles also increases. 
   But that advantage may not translate when you buy the stock of a large market share conglomerate with thousands of employees on payroll (and many other complicated logistical operations).
3. Finally, if the price of a wine bottle goes down, you can always drink and enjoy your wine. You can’t do that with stocks. 

But how do you invest in wine bottles?

You could have a trusted wine investment company like Vinovest buy your Cabernet Sauvignon or Pinot Noir bottles, store them under perfect conditions, and even sell them for you.

Let’s see how this works.

How to Invest in Fine Wines Through Vinovest

Vinovest is a wine investment company that buys, authenticates, stores, and sells investment-grade wines for you.

The best part?

You don’t need to be a wine expert or a professional to have a successful wine portfolio.

How does it work?

Simply follow these four steps:

1. Sign up on the Vinovest website with your name, email, and password.
2. Answer a few questions so that Vinovest’s wine experts can assess your investment style and risk appetite.
3. Add funds to your account.
4. Track your fine wine portfolio online.

Benefits of Buying Wines Through Vinovest

Here are the main advantages of buying, storing, and selling your wine through Vinovest: 

1. Easy Buying and Selling of Wines

Vinovest’s Artificial Intelligence (AI)-based online platform makes it easy for you to buy and sell wines.

In fact, the platform allows you to sell your wines at any time. However, it’s usually best to sell fine wine after 5-20 years (when it has reached its peak value). 

To make things easier for you, our advisors will work with you to maximize your returns — no matter the market conditions. They’ll guide you on the best liquidity options and the best time to sell your wines.

2. Best Prices

Vinovest sources wines directly from winemakers, global wine exchanges, and wine merchants. This allows you to buy wine bottles at the best possible wholesale prices.

3. Provenance and Authenticity

Vinovest authenticates your wine bottle and traces its provenance before you buy it.

4. Curated Portfolio 

With Vinovest, you don’t have to waste your time and energy on hours of in-depth research of the wine industry. 

Vinovest’s master sommeliers and data scientists carefully curate your portfolio for you. They use proprietary financial models that analyze your investment preferences and historical market data.

5. Optimal Storage 

Your wine bottles are stored safely in bonded warehouses under ideal light, humidity, vibration, and temperature conditions. 

6. Insurance and Security

Your bottles are monitored constantly by security cameras. Rest assured — there are power back-ups if the primary method fails to maintain the climate-controlled conditions. There’s also a comprehensive insurance policy that will protect your wine cellar at all times.

7. Low Overall Costs

Besides the funds you add to your account, all you need to pay is a 2.5% annual fee (1.9% for a portfolio over $50,000). This covers wine buying, authentication, storage, a full insurance policy at market value, portfolio management, and selling. 

You’ll also enjoy significant tax advantages because bonded warehouses don’t charge VAT and excise duty.

8. Easy delivery of wines

You can get your favorite Merlots and Sauvignon Blancs delivered to a buyer or your home — whether you’re in North America, Latin America, or anywhere in the world. 

9. Ownership

But do you own the wines you buy? Yes — and that’s the coolest part.

Grow Your Wine Portfolio Easily Through Vinovest

Alcohol stocks may seem like the most straightforward way to invest in spirits and wine.

But, the fortunes could swing either way during an economic downturn. And the continuous process of choosing stocks and selling them at the right time will take up significant time, effort, and money.

Instead, your smartest and easiest option is to invest in the wine industry by buying, storing, and selling wine bottles through Vinovest.

So sign up right away and get started with building your wine portfolio.