By Dan Weil The S&P; Food & Beverage Select Industry Index has seen modest declines compared with the sharp drop for the S&P; 500 so far this year. Food and beverage stocks have outperformed the market as a whole in 2022, as consumers go for the essentials. The S&P Food & Beverage Select Industry Index has lost only 2.48% so far this year, compared to an 18.38% drop for the S&P 500. With second-quarter earnings reports for the industry on their way in coming weeks, Bank of America analysts named their “favorite ideas” among food and beverage stocks. Coca-Cola(KO) – Get Coca-Cola Company (The) …