This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXNPEA901SG_M.jpg
Easing travel restrictions have of late helped the non-alcoholic beverage industry to benefit from rebounding demand for healthy, refreshing, and ready-to-drink beverages from both fountain retailers and e-commerce platforms. Although inflationary pressures have brought the industry increasing production costs, companies in the sector have raised their product prices to offset their heightened costs. Furthermore, as participants in a consumer defensive industry, non-alcoholic beverage companies have been witnessing increasing investor attention amid current market volatility. Indeed, the non-alcoholic beverages market is expected to grow at an 8.2% CAGR to $1.73 trillion by 2028. So, both PEP and MNST are expected to benefit.
But, while MNST’s stock has declined 7.5% in price year-to-date, PEP has surged 7.1%. PEP is also a clear winner with 12.3% gains versus MNST’s 5.2% returns in terms of their past year’s performance. But which of these stocks is a better pick now? Let’s find out.
