5 Best ASX Stocks to Buy Now

3. Treasury Wine Estates Limited (ASX: TWE.AX)

Treasury Wine Estates Limited (ASX: TWE.AX) is a Melbourne-based wine maker. It is placed third on our list of 10 best ASX stocks to buy now and was founded in 1843. The company owns brands such as Penfolds, Beringer, Lindeman’s, Wolf Blass, 19 Crimes, and Chateau St Jean, among others. The firm owns more than 8,000 hectares of planted vineyards in Australia, as well several hundred more overseas in New Zealand, the US, and Italy. Treasury stock has returned more than 9% to investors in the past twelve months. 

Just like Treasury Wine Estates Limited (ASX: TWE.AX) in Australia, the Brown-Forman Corporation (NYSE: BF-B), based out of the United States, is a premier play in the alcohol business on the global scale. 

Out of the hedge funds being tracked by Insider Monkey, London-based investment firm Fundsmith LLP is a leading shareholder in Brown-Forman Corporation (NYSE: BF-B) with 10.2 million shares worth more than $814 million.