The food and beverages industry is constantly evolving, with a current focus on health and nutrition driving many companies to adapt their menus to meet consumer demands. As more people prioritize healthier and more nutritious options, brands like The Coca-Cola Company (KO), Starbucks Corporation (SBUX), and Sysco Corporation (SYY) are leading the way in offering healthier choices.
A recent survey by Statista revealed that half of consumers are actively trying to eat healthier, with nearly 94% believing it is essential to find healthier choices when shopping for food and beverages. This shift in consumer behavior has led to a growing market for healthier options, with the global health and wellness food market projected to reach $2.10 trillion by 2032.
Companies like KO, SBUX, and SYY are tapping into these health trends by innovating with more natural and nutritious ingredients. Let’s take a closer look at the fundamental factors of these featured stocks:
The Coca-Cola Company (KO) is a leading beverage company that is adapting its product lines to reduce added sugar, promote low and no-calorie options, and offer smaller packages to encourage portion control. KO recently declared a quarterly dividend of $0.495 per share, demonstrating its commitment to returning value to shareholders. The company’s financial performance has been strong, with net operating revenues increasing 3.3% year-over-year in the second quarter of 2024.
Starbucks Corporation (SBUX) operates through three segments and is focusing on expanding plant-based options and offering healthier food choices like protein boxes and salads. SBUX has a record of 13 years of consecutive dividend growth and pays an annual dividend of $2.28, translating to a yield of 2.47% at the current share price. The company’s net revenues for the nine-month period ending June 30, 2024, increased by 1.9% year-over-year.
Sysco Corporation (SYY) sells, markets, and distributes food products globally and is focusing on delivering delicious food options that reflect preferences toward mindful lifestyles. SYY recently declared a quarterly dividend of $0.51 per share, payable to shareholders on October 25, 2024. The company’s sales increased 4.2% year-over-year in the fiscal fourth quarter of 2024.
Overall, these companies are well-positioned to thrive in the evolving market driven by health and nutrition trends. Investors may want to consider these stocks for their portfolios as they continue to innovate and adapt to meet consumer demands for healthier options.