KCS Wealth Advisory acquired a new position in shares of Diageo plc (NYSE:DEO) in the 4th quarter, Holdings Channel reports. The fund acquired 5,645 shares of the company’s stock, valued at approximately $824,000.
Several other hedge funds and other institutional investors have also modified their holdings of DEO. Arrowstreet Capital Limited Partnership boosted its position in shares of Diageo by 29.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,475,331 shares of the company’s stock worth $176,789,000 after buying an additional 332,046 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Diageo by 10.7% during the second quarter. The Manufacturers Life Insurance Company now owns 1,195,108 shares of the company’s stock worth $143,210,000 after buying an additional 115,666 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Diageo by 20.7% during the second quarter. Dimensional Fund Advisors LP now owns 477,570 shares of the company’s stock worth $57,227,000 after buying an additional 81,823 shares during the period. Royal Bank of Canada boosted its position in shares of Diageo by 3.6% during the second quarter. Royal Bank of Canada now owns 1,430,137 shares of the company’s stock worth $171,374,000 after buying an additional 49,524 shares during the period. Finally, Moody Lynn & Lieberson LLC boosted its position in shares of Diageo by 1,312.4% during the third quarter. Moody Lynn & Lieberson LLC now owns 51,749 shares of the company’s stock worth $6,838,000 after buying an additional 48,085 shares during the period. Institutional investors and hedge funds own 12.04% of the company’s stock.
Several brokerages have recently issued reports on DEO. Zacks Investment Research downgraded Diageo from a “buy” rating to a “hold” rating in a research report on Friday. Jefferies Group set a $157.00 price objective on Diageo and gave the stock a “buy” rating in a research report on Thursday. Finally, Evercore ISI began coverage on Diageo in a research report on Thursday, September 28th. They set an “outperform” rating and a $152.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $156.00.
Shares of Diageo plc (NYSE:DEO) traded up $0.73 during trading hours on Friday, reaching $144.72. The company had a trading volume of 414,243 shares, compared to its average volume of 455,456. Diageo plc has a 1 year low of $106.34 and a 1 year high of $147.06. The company has a market capitalization of $89,970.00, a PE ratio of 24.82, a price-to-earnings-growth ratio of 2.93 and a beta of 0.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.58 and a current ratio of 1.30.
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Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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