12 Latest Stocks Jim Cramer Discussed

5. Diageo plc (NYSE:DEO)

Number of Hedge Fund Holders In Q1 2025: 39

Diageo plc (NYSE:DEO)’s shares have lost 12% year-to-date but would have been down much more had it not been for a 13% jump in August. The stock rose after the firm reported 1.7% in full-year organic sales growth to beat analyst estimates of 1.4% and its operating profit dropped by 0.7% which was lower than the 1.2% drop that analysts had penciled in. Here’s what Cramer said about the movement in Diageo plc (NYSE:DEO)’s shares:

“In this country we once had prohibition, I’m beginning to think we now have self-prohibition. There’s a Gallup poll, talking about American self-reported drinking down 54% after consecutive declines. Believe moderate drinking is bad for health. The Gen Zs aren’t drinking. I have to tell you that this is another reason to stay away from the stock of Diageo. Beer remains America’s favorite booze, I’m not going to go into beer stocks. . .But I do think that there has been a little bit of a bounce in Diageo. . .and that’s a good opportunity to exit. Because this is a mocktail era. People are, I mean it really is temperance. And there are a lot of people who feel that even red wine, they finally got rid of that canard. So be careful in the liquor story because its just not getting better, it’s getting worse.”

Previously, the CNBC TV host discussed Diageo plc (NYSE:DEO)’s shares and business environment:

“Oh, okay, you came to the right guy because I’ve been in the bar business, the restaurant business, and the liquor business. I gotta tell you, they all stink. The problem is this: If you’re looking at the alcohol business, the GLP-1s, the new generation of people actually care about their health and wellness, and getting fat. Well, alcohol’s got all three. And don’t forget gummies. Gummies.. very heavy competition. I’d rather own gummies than… Diageo. There, that’s a statement.”