Published on 19 Jun 2024 on Insider Monkey · via Yahoo Finance
Is Diageo plc (DEO) a Good Growth Stock to Invest in?
Argosy Investors, an investment management company, released its first-quarter 2024 investor letter. A copy of the same can be downloaded here. The fund ended the first quarter with 46.4% of the portfolio in cash and short-term government bonds and year-to-date, the S&P 500 returned 10.6%. The firm stays long-term oriented, opting to invest less aggressively when possibilities are few and to invest more aggressively when opportunities are more easily identifiable in the market. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Argosy Investors highlighted stocks like Diageo plc (NYSE:DEO), in the first quarter 2024 investor letter. Diageo plc (NYSE:DEO) engages in the production and distribution of alcoholic beverages. The one-month return of Diageo plc (NYSE:DEO) was -7.14%, and its shares lost 27.52% of their value over the last 52 weeks. On June 28, 2024, Diageo plc (NYSE:DEO) stock closed at $126.08 per share with a market capitalization of $70.144 billion.