15 Best Wine Stocks (& A Smarter Way to Invest in Wine)
With global wine consumption steadily rising, investing in wine stocks couldgive you significant returns in the long run.
However, the stock market is experiencing sharp fluctuations this year.
Therefore, investing in fine wine bottles directly through a fintech wine investment platform like Vinovest could give you potentially far higher returns.
Vinovest allows you to invest in wine bottles for as little as $1000, and you also get expert advice from their portfolio managers. The wines are handpicked by a team of sommeliers and machine-learning algorithms, ensuring that the bottles meet your unique investing preferences.
Check out how easy it is to invest in wine with Vinovest.
Anyhow, let’s look at the 15 best wine stocks and their performance in 2023, along with why Vinovest offers a smarter way of wine investing.
Further reading
- Get down to the basics of Wine Investment with this Comprehensive Guide.
- Discover the differences between Investing in Wine and Investing in Stocks.
The 15 Best Wine Stocks To Consider In 2023
Here are 15 stocks or publicly traded companies in the wine industry for you to invest in.
1. Constellation Brands Inc (NYSE: STZ)
3. Brown Forman Corporation (NYSE: BF-B)
4. LVMH Moet Hennessy Louis Vuitton SE (EPA: MC)
5. The Duckhorn Portfolio (NYSE: NAPA)
7. Willamette Valley Vineyards, Inc. (NASDAQ: WVVI)
8. Vintage Wine Estates (NASDAQ: VWE)
9. Corby Spirit and Wine Limited (TSE: CSW.B)
10. Crimson Wine Group (OTCMKTS: CWGL)
11. Compania Cervecerias Unidas (NYSE: CCU)
12. Treasury Wine Estates Ltd (ASX: TWE)
13. Naked Wines Plc (OTCMKTS: NWINF)
14. Andrew Peller Limited (ADW.B: TSE)
15. Anheuser Busch InBev (BVMF: ABUD34)
Most of these companies:
- Are also spirits and beer companies.
- Have had mergers and acquisitions with leading brand names and other alcohol companies.
- Have high cash flows due to their global presence.
1. Constellation Brands Inc (NYSE: STZ)
Constellation Brands is one of the world’s largest publicly traded wine companies and marketers of alcoholic beverages like beer, wine, and spirits. The company was founded in 1945.
It currently produces high-quality white wine and red wine (under renowned brand names like Robert Mondavi) from regions like Napa Valley and the North Coast of California in the United States. Wine critics like Robert Parker have praised the wines.
The company exports to more than 125 countries, and had a dividend yield of 1.31 percent in 2022. It also has a $4 billion investment in Canopy Growth Corp (CGC), a leading cannabis producer.
About Constellation Brands Inc
- Market Cap: $44.75 billion
- Location: New York, USA
Top Products & Brands
- Kim Crawford
- Robert Mondavi
- SVEDKA VODKA
- Corona
- Modelo
Performance in 2023
- Revenue: $9.45 billion
- Operating expense: $1.86 billion
- PE Ratio (TTM): N/A
- Earnings Per Share (TTM): -0.12
Historical 5-Year Performance
2. Diageo PLC (NYSE: DEO)
Based in London, Diageo is a leading distilling and brewing company. It had an average dividend yield of 2.20 percent over the past year. Although Diageo mainly deals with beverages like distilled beer and liquor (Johnnie Walker Scotch Whiskey), it’s also involved in the wine industry with investments in winemakers like Moet & Chandon.
About the Company
- Market Cap: $94.52 billion
- Location: London, United Kingdom
Top vodka, whiskey, and beer brands:
- Smirnoff
- Baileys
- Guinness
- Johnnie Walker
- Captain Morgan
- Crown Royal
Performance in 2022
- Revenue: $19.19 billion
- Operating expense: $5.80 billion
- P/E ratio (TTM): 21.32
- Earnings Per Share (TTM): 7.89
Historical 5-Year Performance
3. Brown Forman Corporation (NYSE: BF.B)
Brown Forman is one of the world’s largest publicly traded wine companies, with wines praised by critics like Wine Spectator and Robert Parker. The company was founded in 1870 and has several beverage brands under whiskey (Jack Daniel’s), tequila, and other liquor varieties. As of January 2023, the company had a profit margin of 17.4%.
About the Company
- Market Cap: $30.40 billion
- Location: Kentucky, USA
Top Products & Brands
- Korbel
- Sonoma-Cutrer
- Jack Daniel
- Finlandia
- Fords Gin
Performance in 2022
- Revenue: $3.93 billion
- Operating expense: $1.16 billion
- PE Ratio (TTM): 40.44
- Earnings Per Share (TTM): 1.56
Historical 5-Year Performance
4. LVMH Moet Hennessy Louis Vuitton SE (EPA: MC)
The famous luxury brand, LVMH Moet Hennessy – Louis Vuitton SE, is one of the most renowned alcohol companies. The LVMH company was founded in 1987 and specializes in European wine and alcoholic beverage production.
It has 20+ luxury wine houses in famous regions like Bordeaux, Champagne, and Burgundy, and it’s known worldwide for its accolade wines (which it exports to 5,556 stores worldwide.)
About the Company
- Market Cap: $435.02 billion
- Location: Paris, France
Top Products & Brands
- Dom Perignon
- Newton Vineyard (Cabernet Sauvignon, Merlot, and Chardonnay wines)
- Belvedere Vodka
- Château Cheval Blanc
- Hennessy
Performance in 2022
- Revenue: $84.63 billion
- Operating expense: $35.46 billion
- PE Ratio (TTM): 28.19
- Earnings Per Share (TTM): 28.92
Historical 5-Year Performance
5. The Duckhorn Portfolio (NYSE: NAPA)
The Duckhorn Portfolio started off as the Duckhorn Vineyards wine producer on the Californian North Coast (near the North Bay of San Francisco). Today this St Helena wine company owns eight accolade wine brands (praised by the Wine Spectator and other famous wine critics) and 22 vineyard lands.
The wine brand sells over 160 wines made from 25 different red and white grapes (Pinot Noir, Cabernet Sauvignon, and Sauvignon Blanc.)
About the Company
- Market Cap: $1.56 billion
- Location: California, USA
Top Products & Brands
- Duckhorn Vineyard
- Decoy
- Goldeneye Anderson Valley
- Paraduxx Napa Valley
- Migration
- Canvasback Washington State
Performance in 2022
- Revenue: $372.51 million
- Operating expense: $97.74 million
- PE Ratio (TTM): 26.07
- Earnings Per Share (TTM): 0.52
Historical 5-Year Performance
6. Pernod Ricard (EPA: RI)
Pernod Ricard is a French alcoholic beverage company known for its two products — Pernod Anise and Ricard Pastis. The company also sells premium wine brands made from high-quality European wine grapes.
Its current dividend yield is 2.06%.
About the Company
- Market Cap: $54.66 billion
- Location: Paris, France
Top Products & Brands
- Campo Viejo
- Chivas Regal
- Blenders Pride
- Brancott Estate Wines
Performance in 2022
- Revenue: $11.44 billion
- Operating expense: $3.70 billion
- PE Ratio (TTM): 21.26
- Earnings Per Share (TTM): 9.46
Historical 5-Year Performance
7. Willamette Valley Vineyards, Inc. (NASDAQ: WVVI)
Willamette Valley Vineyard is a leading wine producer of Pinot Noir in the United States. With over 30 years of experience in the wine business, the winery produces premium red wine and white wine in the Willamette Valley vineyard appellation.
About the Company
- Market Cap: $29.43 million
- Location: Oregon, USA
Top Products & Brands
- Pambrun Cabernet Sauvignon
- Estate Pinot Noir
- Griffin Creek Merlot
- Pinot Gris
- Estate Chardonnay
Performance in 2022
- Revenue: $33.93 million
- Operating expense: $19.36 million
- PE Ratio (TTM): N/A
- Earnings Per Share (TTM): - 0.64
Historical 5-Year Performance
8. Vintage Wine Estates (NASDAQ: VWE)
Vintage Wine Estates (VWE) owns over 30 premium wine and alcohol brands. This Santa Rosa-based wine company announced an initial public offering in early 2021.
Since then, it has achieved 33% revenue growth (in Q2 of the 2022 fiscal year) under the leadership of Pat Roney, CEO/Founding Partner. VWE is still in its growth stage as it plans to add new brands to its portfolio. So, now is a good time to invest in its stocks.
About the Company
- Market Cap: $77.73 million
- Location: Santa Rosa, CA, USA
Top Products & Brands:
- Clos Pegase
- Sabotage
- No. 209 Gin
Performance in 2022
- Revenue: $282.87 million
- Operating expense: $104.32 million
- PE Ratio (TTM): N/A
Earnings Per Share (TTM): - 2.79
Historical 5-Year Performance
9. Corby Spirit and Wine Limited (TSE: CSW.B)
Corby Spirit and Wine is a leading publicly traded company based in Canada. Its CSW.B stock has a dividend yield of 6.03% in 2023, and based on its P/E ratio (16.58), its stocks offer good valuation rates. They have offices in British Columbia, Alberta, Québec, Halifax, and Saskatchewan.
About the Company
- Market Cap: $299.07 million
- Location: Ontario, Canada
Top Products & Brands:
- Jacob’s Creek
- Jameson
- Beefeater
- G.H. Mumm
- Perrier-Jouet
Performance in 2022
- Revenue: $118.85 million
- Operating expense: $45.68 million
- PE Ratio (TTM): 16.52
- Earnings Per Share (TTM): 0.82
Historical 5-Year Performance
10. Crimson Wine Group (OTCMKTS: CWGL)
Crimson Wine Group is a publicly traded wine company specializing in white and red wine production from wineries in Napa Valley, Sonoma County, California’s Central Coast, and other regions in the United States.
About the Company
- Market Cap: $143.66 million
- Location: California, USA
Top Products & Brands:
- Seven Hills Winery
- Malene
- Pine Ridge Vineyards
Performance in 2022
- Revenue: $74.24 million
- Operating expense: $30.52 million
- PE Ratio (TTM): 223.67
- Earnings Per Share (TTM): 0.03
Historical 5-Year Performance
11. Compania Cervecerias Unidas (NYSE: CCU)
Based in Chile, Compania Cervecerias Unidas is an industry leader in producing alcoholic and non-alcoholic beverages, like soft drinks and bottled water. The company’s stocks are a good investment for shareholders - earnings grew by 81.5% in Q4 2022 compared to the previous quarter’s estimates.
About the Company
- Market Cap: $2.94 billion
- Location: Santiago, Chile
Top beer brands:
- Anheuser Busch InBev
- Stella Artois
- Ambev SA
- Coors Original
- Coors Light
Performance in 2022
- Revenue: $3.4 billion
- Operating expense: $1.2 billion
- PE Ratio (TTM): 20.92
- Earnings Per Share (TTM): 0.76
Historical 5-Year Performance
12. Treasury Wine Estates Ltd (ASX: TWE)
Treasury Wine Estate is one of the biggest Australian wine companies, producing a variety of staple and cult wines (like Cabernet Sauvignon and Sauvignon Blanc wines.) Its current dividend yield is 2.42%, and its shares have an overall stable price with low volatility.
About the Treasury Wine Estate Company
- Market Cap: $5.47 billion
- Location: Melbourne, Australia
Top Products & Brands:
Performance in 2022
- Revenue: $1.69 billion
- Operating expense: $368.50 million
- PE Ratio (TTM): 24.17
- Earnings Per Share (TTM): 0.47
Historical 5-Year Performance
13. Naked Wines Plc (OTCMKTS: NWINF)
Naked Wines, founded in the UK, is an online wine and spirits retailer that sells its products in the UK, USA and Australia, so both the wine drinker and winemaker will benefit.
It established a direct pricing approach called Naked Masterplace which allowed potential and established Naked Winemakers to promote their wine at a discounted price toto customers of Naked Wines. The consumer gets to bid on a wine case, and once the market exceeds a minimum volume, the deal is closed, and the wines are delivered.
About Naked Wines Plcs
- Market Cap: $103.75 million
- Location: Norwich, United Kingdom
Top Products & Brands:
- F. Stephen Millier
- The Feather Pluckers Daughter
- Villebois
- Carlos Rodriguez
- Jean Philippe Moulin Champagne
- Kruger Family
Performance in 2022
- Revenue: $435.26 million
- Operating expense: $173.75 million
- PE Ratio (TTM): 70.10
- Earnings Per Share (TTM): 0.02
Historical 5-Year Performance
14. Andrew Peller Limited (ADW.B: TSE)
Andrew Pellar is a Canadian wine and spirits company that manufactures, bottles, and markets wine, craft alcoholic beverages, ciders, craft beers, cream whisky, spirits, and seltzers. It does this through a variety of brands, including the award-winning premium and ultra-premium Pellar Estates, Trius, Hillebrand, Thirty Bench, Sandhill, Red Rooster and more.
About Andrew Peller Limited
- Market Cap: $143.08 million
- Location: Ontario, Canada
Top Products & Brands:
- Peller Estates
- Sandhill
- Copper Moon
- Calona Vineyards Artist Series VQA
- Thirty Bench
Performance in 2022
- Revenue: $278.79 million
- Operating expense: $90.33 million
- PE Ratio (TTM): N/A
- Earnings Per Share (TTM): - 0.01
Historical 5-Year Performance
15. Anheuser Busch InBev (BVMF: ABUD34)
Anheuser Busch InBev is a Belgium holding company that manufactures and distributes alcoholic and non alcoholic beverages in North America, Latin America North, Latin America South, Latin America West, Europe, Middle East, and Africa (EMEA) and more.
About Anheuser Busch InBev
- Market Cap: $111.58 billion
- Location: Belgium
Top Products & Brands:
- Aquila
- Beck’s
- Brahma
- Budweiser
- Corona
Performance in 2022
- Revenue: $11.77 billion
- Operating expense: $3.48 billion
- PE Ratio (TTM): 14.63
- Earnings Per Share (TTM): 3.07
Historical 5-Year Performance
Should You Invest In Wine Stocks? (The Advantages)
While wine stocks are no different from other dividend stocks, wine stock shareholders also benefit from the growing demand but finite supply of wine.
A. Growing Demand
According to a recent report by Fortune Business Insights, the global fine wine market is predicted to grow with a CAGR (Compound Annual Growth Rate) of 4.3% for the forecast period 2021–2026.
Here are some key points from the report:
- The growing demand is driven by changing tastes, innovations in exotic flavor, and advanced global wine business networks.
- Wine consumption is increasing in the Asia-Pacific, with China dominating the market in the region.
- There’s a surging demand for tropical fruit and sparkling wines among millennials and other generations.
Other studies also show that the total wine consumption has been increasing since 2005, with the average US resident consuming 3.09 gallons of wine in 2020.
B. Limited Supply
For anything to be lucrative for a consumer, there has to be a growing demand with a limited supply, right?
There’s only a limited supply of wine because:
- Favorable vineyard lands are scarce.
- Weather conditions like frost and drought affect grape and wine production every year.
- Buyers prefer only a few grape varieties, wineries, and vineyards.
For example, Bordeaux in France is a major wine-producing region. However, only a fraction of the region's products is sought-after by investors.
Additionally, as the wine produced from a particular region or winery is consumed each year, the remaining supply is likely to have a higher demand.
This combination of growing global demand and a finite supply ensures great price appreciation and makes wine stocks a good investment choice.
Disadvantages of Investing In Wine Stocks
While wine stocks can be good investments, there are three key issues with investing in them:
1. High Volatility
Financial markets are volatile due to several factors like:
- Trades imbalances
- Changes in monetary policies
- Economic crises
- The financial health of a company
- And more.
When a stock market is volatile, wine stock prices could rise and fall multiple times within a single day! As these market fluctuations are beyond your control, it can be hard to know the right time to buy and sell wine stocks.
2. Brokerage Costs
Investing in stocks can be very risky if you don’t know when and how to invest. The only way to deal with this is to hire stockbrokers to help manage your investments.
However, each time you buy or sell a stock, you’ll have to pay high brokerage commissions to the broker. Some brokerage firms also charge currency conversion and account maintenance costs. Paying high brokerage costs can reduce your wine stock returns in the long run.
3. Time-Consuming Investment
Wine stocks investors need to perform in-depth research and analysis of various public companies to identify the right ones to invest in.
But even after buying a wine stock, you must regularly monitor its share price on the stock market to know when to sell it. This makes it a fairly time-consuming and complex investment, even if you can afford the services of a stockbroker.
Now:
Investment wines are a popular alternative asset for any investor who doesn’t want to pursue traditional investments.
However, wine investing on your own comes with its own challenges. For example, you have to provide a top-notch wine cellar for storage (which is usually quite expensive) and do thorough research to ensure you get only 100% authentic bottles.
Luckily, the Vinovest platform can take care of all the wine investment intricacies for you.
So, all left for you to do is relax, sip on a glass of your favorite wine, and enjoy the returns from a winning investment-grade wine portfolio.
Let’s see how it works!
The Smartest Way To Invest In Wine: Invest in Wine Bottles Through Vinovest
Vinovest is a fintech platform that helps investors tap into exclusive fine wine investment opportunities. We leverage a global network of top wineries and trusted fine wine vintners to give you a portfolio of the best investment grade wine bottles.
How Vinovest Helps You Invest In Fine Wine
Vinovest makes investing in this alternative asset super easy. You just need to follow the steps below:
- Sign up on the Vinovest website by filling out your personal information details.
- Answer a quick questionnaire to help Vinovest assess your investment preferences and risk appetite.
- Fund your account (with a minimum of $1,000.)
- Track your wine investment activity through our software in real-time and watch your portfolio grow.
Key Benefits of Investing In Wine With Vinovest
1. Trusted Buying & Selling
Through Vinovest, you can buy cult wines (including wine futures) from the best wine regions at the best possible prices. Vinovest sources your wines from quality wineries, global wine exchanges, and trusted vintners at fair market value. This gives us better transparency into the fine wine market.
If you want to make a sale, Vinovest also trades your wine bottles for you and helps you find the best price at which you can sell them.
2. Provenance and Authenticity
While wine auctions can authenticate a bottle for you, Vinovest takes the hassle out of the process. We trace each bottle’s provenance before you make a purchase. This ensures you’re buying 100% authentic wines, so you don’t have to worry about getting scammed with counterfeits.
3. Easy Storage
With Vinovest, you don’t need to build an expensive wine cellar.
The company stores your wines in industry-leading wine storage facilities in the UK, Switzerland, France, and other locations. As all these facilities are bonded, you get tax advantages with no VAT (Value Added Tax) or excise duty when trading your wines.
4. Full Insurance
We offer a full insurance policy to protect your wine assets from breakage, damage, theft, or loss.
5. Delivery to Your Buyer or to Your Door
If you want to get your wine bottle delivered to your buyer (or to your doorstep), we can ship it safely to New Zealand, the United Kingdom, North America, or anywhere else in the world.
6. Full Ownership Over Your Wines
Having full ownership of your assets isn’t always the case with managed funds like stocks and bonds. However, since wine is a tangible asset, you fully own each bottle you buy!
7. Low Fees
Vinovest charges a 2.85% annual fee (or 2.5% for portfolios of over $50,000) for all our services, including:
- Wine trading
- Fraud detection
- Storage and insurance
- Active management of your portfolio
Investing in wine stocks can help wine enthusiasts and collectors to outperform traditional stock markets like Dow Jones and earn promising returns on investment.
While you could check the wine stocks we covered here to get started, investing in stocks can be risky, costly, and time-consuming.
Instead, it’s easier to invest in fine wine bottles with a fintech platform like Vinovest. We’ll help you decide on the right wines and handle the buying, storing, and selling of each wine bottle.
So why not sign up and grow your wine portfolio today?
