Fund managers including Blackwattle Investment Partners, Oracle Advisory Group, Maple-Brown Abbott, Yarra Capital Management, Antares Capital, Paradice Investment Management, BKI Investment Company, QVG Capital, Perennial Partners, Ten Cap, Atlas Funds Management, Pendal Group, Ellerston Capital, Sage Capital, Datt Capital, Vertium Asset Management and Merlon Capital Partners have invested in Treasury Wine Estates Ltd (ASX:TWE).

Merlon sees Treasury Wine at a cyclical low with potential recovery in Chinese demand for Penfolds, and Pendal notes steady progress on its turnaround and a better-than-implied second half.

Atlas highlights too much wine inventory, a suspended dividend and problems unlikely to be solved quickly, while Vertium flags debt levels and concerns about overpaying for US acquisitions such as Daou.

Treasury Wine Estates Ltd., headquartered in Melbourne, Australia, is a global wine producer and marketer established on March 20, 1957. The company operates through three core reporting segments: Penfolds, Treasury Premium Brands, and Treasury Americas. Each segment manages the manufacture, sale, and marketing of wine products within specific global markets: Penfolds operates globally, Treasury Premium Brands covers Australia, Asia, Europe, Canada, the Middle East, and Africa, and Treasury Americas serves North and Latin American regions.