The Latest Breaking News from DEO

Diageo Plc (NYSE:DEO) has partnered with Vita Coco Company Inc (NASDAQ:COCO) to launch a line of premium canned cocktails. The cocktails are crafted with a blend of Captain Morgan rum and refreshing-tasting Vita Coco coconut water. Vita Coco Spiked with Captain Morgan line will be available in three offerings, Pina Colada, Strawberry Daiquiri, and Lime Mojito.…

Although alcohol consumption declined owing to COVID-19 pandemic-led restrictions, the reopening of bars and restaurants and growing demand for premium drinks have been helping alcoholic beverage companies to witness robust sales. So, alcoholic beverage producers Diageo (DEO), Ambev (ABEV), Brown-Forman (BF-B), Compañía Cervecerías (CCU), and Fomento Economico (FMX) should benefit…

Diageo Plc (NYSE:DEO) owned project Orphan Barrel Whiskey Distilling Co. has launched Fable & Folly whiskey aged fourteen years. Fable & Folly includes the last remaining stocks of Barterhouse, Forged Oak, and various Rhetoric releases. The special edition bottle is available in limited quantities at select spirits retailers nationwide with an SRP of…

Diageo Plc (NYSE:DEO) has launched Astral Tequila, a new premium tequila crafted with 100% Blue Weber agave. Astral Tequila's traditional production process features a milling process using the tahona, a stone wheel that crushes the juices from the agave fibers.  The crushed fibers, or bagazo, are then used in the fermentation process to…

The Russian-Ukraine conflict and rising inflation have led to heightened volatility and are raising the possibility of an economic downturn. Consumer defensive stocks are typically known to hold up well in such a tough market environment. Given this backdrop, it could be wise to buy the dip in consumer defensive…

If history is any guide, there may be trouble ahead for shares of Diageo (NYSE:DEO). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

Diageo Plc (NYSE:DEO) plans for a new C$245 million distillery to support its Crown Royal Canadian Whisky brand. The facility will have a capacity to produce up to 20 million LAA's (liters of absolute alcohol the equivalent to 10.5 million proof gallons) annually. The facility will sit on approximately 400 acres in Ontario's…

Despite soaring inflation, the inelastic demand for certain products makes consumer staples stocks good bets now. Therefore, fundamentally-sound consumer staples stocks Diageo (DEO), Archer-Daniels-Midland (ADM), Kroger (KR), Albertsons Companies (ACI), and BJ's Wholesale Club (BJ) could be solid buys to protect your portfolio against inflation.

Even though alcohol consumption declined owing to COVID-19 pandemic-led restrictions, the reopening of bars and restaurants last year and growing demand for premium drinks have been helping alcoholic beverage companies generate rising sales. So, alcoholic beverage producers Diageo (DEO) and Constellation Brands (STZ) should benefit. But which of these two…