Jun. 17 at 8:04 PM
Bernstein believes consumer packaged goods companies are experiencing a cyclical period of pressure rather than a long-term structural decline, with functional foods and beverages remaining one of the sector’s most attractive growth areas. The firm highlighted energy drinks as the strongest opportunity, supported by consumer demand for products tied to fitness, mental focus, hydration, and weight-management trends, including the growing adoption of GLP-1 drugs.
Among its preferred names, Bernstein sees Celsius as having significant upside due to the strength of its Alani Nu brand, resilient market-share trends, and potential margin expansion as sales continue to grow. Keurig Dr Pepper was also named a top pick because of its broad portfolio of energy and hydration brands, with analysts believing integration-related risks are already reflected in the stock price.
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