Stratos Wealth Partners LTD. raised its holdings in shares of Diageo plc (NYSE:DEO) by 10.4% in the second quarter, Holdings Channel reports. The institutional investor owned 5,886 shares of the company’s stock after buying an additional 555 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Diageo were worth $791,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also modified their holdings of the company. Verus Capital Partners LLC acquired a new position in shares of Diageo during the fourth quarter worth approximately $34,000. Sound Income Strategies LLC acquired a new position in shares of Diageo during the first quarter worth approximately $35,000. Certified Advisory Corp lifted its holdings in shares of Diageo by 42.9% during the second quarter. Certified Advisory Corp now owns 270 shares of the company’s stock worth $36,000 after buying an additional 81 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Diageo by 7,500.0% during the first quarter. BNP Paribas Arbitrage SA now owns 304 shares of the company’s stock worth $39,000 after buying an additional 300 shares during the last quarter. Finally, Marquette Asset Management LLC lifted its holdings in shares of Diageo by 169.5% during the first quarter. Marquette Asset Management LLC now owns 318 shares of the company’s stock worth $40,000 after buying an additional 200 shares during the last quarter. Institutional investors own 9.99% of the company’s stock.
A number of research analysts recently commented on DEO shares. Citigroup lowered Diageo from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Royal Bank of Canada lowered Diageo from an “outperform” rating to a “sector perform” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Diageo in a research note on Wednesday, June 3rd. Barclays restated an “overweight” rating on shares of Diageo in a research note on Wednesday, July 1st. Finally, Zacks Investment Research lowered Diageo from a “hold” rating to a “sell” rating and set a $146.00 target price for the company. in a research note on Friday, May 22nd. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $134.50.
Shares of NYSE:DEO opened at $147.24 on Friday. The business’s fifty day moving average price is $140.75 and its two-hundred day moving average price is $142.68. Diageo plc has a fifty-two week low of $100.52 and a fifty-two week high of $176.22. The stock has a market capitalization of $86.03 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 5.11 and a beta of 0.60. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.15 and a quick ratio of 0.53.
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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