食品饮料行业周报：秋糖平淡，Q3板块机构持仓环比下降

Investment Rating - The report maintains a "Recommended" rating for the food and beverage industry [1][6][27] Core Insights - The food and beverage sector outperformed the market with a weekly increase of 2.19%, surpassing the Shanghai Composite Index by 1.02 percentage points [1][12] - The report highlights a decline in institutional holdings in the food and beverage sector, with a slight increase in the proportion of white liquor holdings [1][19] - The report emphasizes the importance of focusing on long-term value in the white liquor sector, despite short-term pressures [4][6] Summary by Sections Industry Review - The food and beverage sector's performance for the week of October 21-25, 2024, showed a 2.19% increase, with other liquor categories leading at 7.37% [1][12] - Notable stock performances included Weilang Co. (+28.68%) and ST Jiajia (+27.63%), while Jinzai Food (-6.37%) and Anji Food (-4.09%) faced declines [1][12] Fund Holding Situation - The food and beverage sector's heavy holding ratio decreased to 5.01%, while the white liquor segment saw an increase in its fund holding ratio [19][27] - The top three stocks in the white liquor sector for institutional accumulation were Guizhou Moutai, Wuliangye, and Laojiao, while the top three for reduction were Luzhou Laojiao, Shanxi Fenjiu, and Gujing Gongjiu [19][27] Key Stocks and Logic - Recommended stocks in the white liquor sector include Guizhou Moutai, Wuliangye, and Luzhou Laojiao, among others [4][6][27] - In the consumer goods segment, recommended stocks include Angel Yeast, Bairun Co., and Three Squirrels [6][27] Key Companies and Earnings Forecast - Guizhou Moutai's stock price is 1,559 with an EPS forecast of 68.63 for 2024, while Wuliangye is priced at 148 with an EPS forecast of 8.69 [28] - Other notable companies include Angel Yeast, Bairun Co., and Yili, all with positive investment ratings [28]