5 Best Whiskey and Alcohol Stocks to Buy in 2021

3. Brown-Forman Corporation (NYSE: BF-B)

Number of Hedge Fund Holders: 29  

Brown-Forman Corporation (NYSE: BF-B) is a Kentucky-based company that makes and sells alcohol. It is placed third on our list of 10 best whiskey and alcohol stocks to buy in 2021. The firm owns the Jack Daniel’s, Woodford Reserve, Canadian Mist, GlenDronach,  and BenRiach brands, and operates globally. Brown-Forman stock has returned more than 16% to investors over the course of the past twelve months despite the pandemic affecting sales of wines, cocktails, vodkas, tequilas, champagnes, and other products. 

Investment advisory Cowen on March 4 gave Brown-Forman Corporation (NYSE: BF-B) an Outperform rating with a price target of $100 following a strong quarterly earnings report released by the beverage maker. 

Out of the hedge funds being tracked by Insider Monkey, London-based investment firm Fundsmith LLP  is a leading shareholder in the firm with 10.2 million shares worth more than $814 million.