In the following video, consumer goods editor/analyst Austin Smith looks at major trends across the alcoholic beverage world and indicates which of the stocks he suggests buying in this space. With most of the major consolidation opportunities already occurring over the past decade or so, beverage companies, particularly the brewers, are likely to run into antitrust concerns as well as already optimized operations. It's unlikely that many large brewers will be able to continue acquiring and still reap meaningful cost savings from the synergies. It's because of this that Austin likes both Boston Beer and Diageo for their more organic growth. For the income-minded investor, Diageo has a strong dividend as well.

As great as Diageo's dividend is, though, it wasn't good enough to quality for our list of " 9 Rock-Solid Dividend Stocks." You can read about the elite group that did though by clicking here now.