Acadian Asset Management LLC decreased its position in shares of Diageo plc (NYSE:DEO) by 22.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,129 shares of the company’s stock after selling 6,276 shares during the quarter. Acadian Asset Management LLC’s holdings in Diageo were worth $2,993,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DEO. TRUE Private Wealth Advisors purchased a new position in shares of Diageo during the 3rd quarter valued at $105,000. NumerixS Investment Technologies Inc purchased a new position in shares of Diageo during the 2nd quarter valued at $115,000. Centaurus Financial Inc. purchased a new position in shares of Diageo during the 2nd quarter valued at $123,000. Westbourne Investment Advisors Inc. purchased a new position in shares of Diageo during the 3rd quarter valued at $142,000. Finally, Massey Quick Simon & CO. LLC lifted its stake in shares of Diageo by 1,212.0% during the 2nd quarter. Massey Quick Simon & CO. LLC now owns 1,312 shares of the company’s stock valued at $188,000 after buying an additional 1,212 shares in the last quarter. Institutional investors own 11.32% of the company’s stock.
A number of research analysts recently weighed in on DEO shares. Argus started coverage on shares of Diageo in a research note on Friday, July 13th. They set a “buy” rating and a $168.00 target price on the stock. Zacks Investment Research upgraded shares of Diageo from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Diageo has an average rating of “Buy” and an average price target of $158.40.
Shares of DEO stock opened at $142.33 on Friday. The firm has a market capitalization of $87.34 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 2.61 and a beta of 0.62. Diageo plc has a 52 week low of $131.22 and a 52 week high of $151.30. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.58 and a current ratio of 1.37.
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Diageo Company Profile
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.
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