Fast Money Traders Share Their Food And Beverage Trades

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On CNBC's Fast Money
, Guy Adami spoke about
Darden Restaurants, Inc.DRI
. He said that the stock is a little bit expensive, but there is still a potential of a real estate spin off, which could make it attractive. He is aware that the bondholders rejected the plan, but he feels that there is still a chance that that could happen. Adami thinks that the stock can be owned at current price level.
Boston Beer Co IncSAM
has an expensive valuation, but Adami would buy it because it held the levels it was supposed to hold during the pull back and it has a big short interest. His stop loss would be at $200. Dan Nathan believes that low 90s should be a good entry point for
McDonald's CorporationMCD
. Tim Seymour thinks that consolidation in the beer industry is over and that it looks like the sector could be close to the top. In the beverage industry he likes
Diageo plc (ADR)DEO
, because he expects the emerging market growth to continue in the space. Brian Kelly said that he would take profits in
Anheuser Busch Inbev SA (ADR)BUD
somewhere around $120.
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Posted In: CNBCMediaBrian KellyConsumer DiscretionaryDan NathanGuy AdamiRestaurantsTim Seymour
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