5 Best Alcohol Stocks To Buy Heading Into 2023

4. Pernod Ricard SA (OTC:PDRDF)

Number of Hedge Fund Holders: N/A

Pernod Ricard SA (OTC:PDRDF) is a French company that produces and sells wines and spirits worldwide. The company provides whiskey, vodka, gin, rum, liqueur and bitters, champagne, and tequila under multiple brands. Pernod Ricard SA (OTC:PDRDF) is one of the elite alcohol stocks to invest in. On September 2, Barclays raised the price target on Pernod Ricard SA (OTC:PDRDF) to EUR 277 from EUR 256 and kept an Overweight rating on the shares.

On October 17, Pernod Ricard SA (OTC:PDRDF) announced that it will acquire a majority stake in the Mexican Código 1530, a range of ultra-premium and prestige tequila. Pernod Ricard SA (OTC:PDRDF) also recently lifted its minority stake in Sovereign Brands’ super premium wine and spirits portfolio.