Capital Insight Partners LLC boosted its position in Diageo plc (NYSE:DEO) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,168 shares of the company’s stock after purchasing an additional 179 shares during the period. Capital Insight Partners LLC’s holdings in Diageo were worth $1,366,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. OmniStar Financial Group Inc. raised its stake in shares of Diageo by 38.5% in the second quarter. OmniStar Financial Group Inc. now owns 1,781 shares of the company’s stock valued at $239,000 after buying an additional 495 shares during the period. Highland Capital Management LLC increased its holdings in Diageo by 7.8% in the 1st quarter. Highland Capital Management LLC now owns 15,944 shares of the company’s stock worth $2,027,000 after acquiring an additional 1,150 shares during the last quarter. BlackRock Inc. raised its stake in Diageo by 26.1% in the 1st quarter. BlackRock Inc. now owns 267,408 shares of the company’s stock valued at $33,993,000 after acquiring an additional 55,347 shares during the period. Advisory Alpha LLC lifted its holdings in Diageo by 237.0% during the fourth quarter. Advisory Alpha LLC now owns 337 shares of the company’s stock valued at $57,000 after purchasing an additional 237 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in Diageo by 7.7% during the second quarter. Private Trust Co. NA now owns 1,937 shares of the company’s stock worth $265,000 after purchasing an additional 138 shares during the period. 9.99% of the stock is owned by institutional investors and hedge funds.
DEO has been the topic of several research reports. Morgan Stanley lowered shares of Diageo from an “overweight” rating to an “equal weight” rating in a research report on Monday, April 20th. HSBC began coverage on shares of Diageo in a report on Wednesday, July 8th. They set a “buy” rating on the stock. Cfra cut their price target on Diageo from $166.00 to $123.00 and set a “hold” rating for the company in a report on Tuesday, May 26th. Credit Suisse Group cut Diageo from an “outperform” rating to a “neutral” rating in a research report on Monday, June 15th. Finally, Citigroup cut Diageo from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. Diageo currently has a consensus rating of “Hold” and an average price target of $134.50.
DEO stock opened at $140.66 on Wednesday. The company has a market capitalization of $81.38 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 4.66 and a beta of 0.60. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.53 and a current ratio of 1.15. Diageo plc has a one year low of $100.52 and a one year high of $176.22. The company’s 50 day moving average price is $140.85 and its two-hundred day moving average price is $144.72.
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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