Sit Investment Associates Inc. boosted its stake in shares of Diageo plc (NYSE:DEO) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,228 shares of the company’s stock after buying an additional 495 shares during the period. Sit Investment Associates Inc.’s holdings in Diageo were worth $5,874,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. acquired a new position in shares of Diageo in the 2nd quarter valued at $558,000. Capital Fund Management S.A. acquired a new position in shares of Diageo in the 2nd quarter valued at $1,480,000. Ameriprise Financial Inc. lifted its stake in shares of Diageo by 5.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 68,624 shares of the company’s stock valued at $8,227,000 after purchasing an additional 3,446 shares during the last quarter. KCM Investment Advisors LLC lifted its stake in shares of Diageo by 3.9% in the 2nd quarter. KCM Investment Advisors LLC now owns 4,686 shares of the company’s stock valued at $562,000 after purchasing an additional 178 shares during the last quarter. Finally, Bahl & Gaynor Inc. lifted its stake in shares of Diageo by 4.6% in the 2nd quarter. Bahl & Gaynor Inc. now owns 23,552 shares of the company’s stock valued at $2,448,000 after purchasing an additional 1,036 shares during the last quarter. 12.04% of the stock is currently owned by institutional investors.
Diageo plc (DEO) opened at $144.72 on Friday. Diageo plc has a 12 month low of $106.34 and a 12 month high of $147.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.58 and a current ratio of 1.30.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered Diageo from a “buy” rating to a “hold” rating in a research note on Friday. Jefferies Group set a $157.00 price target on Diageo and gave the company a “buy” rating in a research note on Thursday. Finally, Evercore ISI assumed coverage on Diageo in a research note on Thursday, September 28th. They issued an “outperform” rating and a $152.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $156.00.
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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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