The current market cap of the company is $95.3bn and has a presence in 180+ countries. (NYSE: NYSE: DEO) is a giant in the alcoholic beverage industry and is behind some well-known brands. We closely monitor developments around Diageo and we will be adding Diageo in our portfolio if there are any significant pullbacks. Well established brands in the vodka and scotch segments could help Diageo expand further into faster growing segments, gin and tequila. The dividend discount model and relative valuation indicate that Diageo is currently overvalued, however, we expect the company to do well as we move to a post-pandemic environment. Diageo's share price has risen by around 56.6% since March's low. Click here to find out more » Investment ThesisĪ closer look at the company's products and fundamentals show a safe dividend, a slower dividend growth rate and a company that is currently overvalued. Active contributors also get free access to SA Premium. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Editor's note: Seeking Alpha is proud to welcome Financial Freedom as a new contributor.
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