5 Best Alcohol Stocks to Own According to Hedge Funds

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In this article, we are going to discuss the 5 best alcohol stocks to own according to hedge funds. If you want to check out our detailed analysis of the global alcohol industry, the rise of RTDs, and the recent shifts in the global alcohol market, head to 12 Best Alcohol Stocks to Own According to Hedge Funds.

5. Diageo plc (NYSE:DEO)

Number of Hedge Fund Holders: 25

Diageo plc (NYSE:DEO) is a British multinational alcoholic beverage company with its headquarters in London, England. The company is a major distributor of Scotch whisky and other spirits and operates from 132 sites around the world. As of April 2023, Diageo plc (NYSE:DEO) is the 6th Largest Beverage Company in the World. On the 13th of September 2023, Jefferies analyst Edward Mundy maintained his Neutral rating on the stock. 

Warren Buffett had a position in the company in the first quarter of 2023 with 227,750 shares worth $39.510 million and his position in the company remained unchanged in the second quarter. In Q2, Diageo plc (NYSE:DEO) represented 0.1% of Berkshire Hathaway’s portfolio. The most prominent stakeholder in the company in Q2 was Markel Gayner Asset Management with 1.35 million shares, worth $234.23 million.

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