5 Best Wine Stocks To Buy Heading Into 2023

2. LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY)

Number of Hedge Fund Holders: N/A

LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) is a French luxury goods company that offers champagnes, wines, and spirits under the Clos des Lambrays, Château d’Yquem, Dom Pérignon, Ruinart, Moët & Chandon, Hennessy, Veuve Clicquot, Château Cheval Blanc, Mercier, Chandon, Woodinville, Ao Yun, Clos19, and Volcan de mi Tierra brands, among others. On October 11, LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) posted a Q3 revenue of €19.76 billion, up 27.4% year-over-year. Organic revenue growth was 19%, in line with the trends observed in the first half of the year.

Societe Generale analyst Thierry Cota on December 14 raised the firm’s price target on LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) to EUR 900 from EUR 862 and maintained a Buy rating on the shares.