Published on 20 Aug 2024 on Insider Monkey · via Yahoo Finance

Is Diageo plc (DEO) The Best Alcohol Stock To Own According to Hedge Funds?

We recently published a list of 10 Best Alcohol Stocks To Own According to Hedge Funds. In this article, we are going to take a look at where Diageo plc (NYSE:DEO) stands against the other alcohol stocks.

There is a substantial amount of evidence that suggests that any alcohol consumption, however moderate, can have negative health consequences. Even low levels of drinking can increase the risk of heart disease, high blood pressure, and even certain types of cancer. Understanding that there is no such thing as risk-free drinking, the Centers for Disease Control and Prevention defines moderate drinking as 2 drinks or less per day for men and no more than one drink per day for women. Still, despite the well-publicized health risks, more than two-thirds of adult drinkers regularly exceed those levels.