5 European Stocks to Buy According to Tom Russo’s Hedge Fund

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In this article, we discuss the 5 European stocks to buy according to Tom Russo’s hedge fund. If you want to read our detailed analysis of Russo’s history, investment philosophy, and hedge fund performance, go directly to the 10 European Stocks to Buy According to Tom Russo’s Hedge Fund.

5. Heineken N.V. (XAMS:HEIA.AS)

Russo’s Stake Value: $745,179,000

Percentage of Russo’s 13F Portfolio: 6.29%

Number of Hedge Fund Holders: –

The fifth stock on our list of the 5 European stocks to buy according to Tom Russo’s hedge fund is Heineken N.V. (XAMS:HEIA.AS), which is a multinational brewing company headquartered in Amsterdam. The company has more than 150 breweries across 70 countries, and is the second largest brewery worldwide, after Anheuser-Busch InBev SA/NV (NYSE: BUD). The Dutch beverage giant, Heineken N.V. (XAMS:HEIA.AS), has 348 beer and cider brands under its domain, which are served both locally and internationally.  The company has a market capitalization of $60.22 billion. 

Russo’s hedge fund owns 7.39 million shares in Heineken N.V. (XAMS:HEIA.AS), amounting to $745.1 million, and making up 6.29% of Russo’s 13F portfolio. 

The company reported earnings per share for 2020 as -$0.42, which was a major step down as compared to the EPS last year at $4.37. Heineken N.V. (XAMS:HEIA.AS) suffered a major financial setback from forced lockdowns due to the COVID-19 pandemic, so it increased investments to diversify its portfolio. On August 30, it was reported that the company would invest £38 million in its Star Pubs & Bars by the end of 2021, which would create more than 500 jobs and benefit 700 pubs under the company’s domain. They plan to establish new outlets near residential areas since many people now work from home as a result of the COVID-19 pandemic, which has increased the foot traffic in neighborhood drinking joints. 

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