Which beverage stock is more worth buying?Via stock news

© Reuters. Oatly and Pepsi: Which beverage stock is more worth buying?

As the summer is in full swing, the demand for refreshing and healthy beverages continues to grow, which should boost the sales of non-alcoholic beverage business companies. Based on the growing demand for beverages during the resumption of outdoor activities, Pepsi (NASDAQ:) and Otly (OTLY) may benefit. But let us now find out which stocks are more worth buying. The Pepsi-Cola Company (PEP), located in Harrison, New York, is a well-known participant in the non-alcoholic beverage industry. Oatly Group AB (OTLY) is a new industry player. PEP operates food, beverage and snack food businesses worldwide. It sells its products through a distribution network of direct stores, customer warehouses, distributor networks, and e-commerce platforms and retailers. OTLY is a company headquartered in Sweden that provides a series of plant-based dairy products made from oats to customers around the world.

During the economic reopening period, the return of American consumers to restaurants and tourist attractions should drive demand for fresh and healthy beverages this summer. And since consumer tastes have been shifting to health and wellness products since the pandemic, the company is working hard to develop new products. It is estimated that the non-alcoholic beverage market will grow to US$1.73 trillion by 2028 at a compound annual growth rate of 8.2%. Therefore, we believe that both PEP and OTLY will benefit from the industry’s tailwinds.

In terms of its performance over the past three months, PEP is the clear winner, and its earnings have increased by 4.5% compared to OTLY’s negative returns. But which of these stocks is the better choice now? Let us find out.

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