Cardan Capital Partners LLC lifted its holdings in Diageo plc (NYSE:DEO) by 138.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,971 shares of the company’s stock after acquiring an additional 1,727 shares during the period. Cardan Capital Partners LLC’s holdings in Diageo were worth $378,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Advisory Inc. increased its position in shares of Diageo by 3.8% in the 4th quarter. Charles Schwab Investment Advisory Inc. now owns 2,307,904 shares of the company’s stock worth $388,697,000 after purchasing an additional 84,661 shares during the last quarter. Confluence Investment Management LLC increased its holdings in Diageo by 1.7% in the first quarter. Confluence Investment Management LLC now owns 925,268 shares of the company’s stock valued at $117,620,000 after buying an additional 15,402 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Diageo by 5.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 384,878 shares of the company’s stock valued at $64,821,000 after buying an additional 18,449 shares in the last quarter. Raymond James & Associates lifted its holdings in Diageo by 27.2% during the 1st quarter. Raymond James & Associates now owns 378,154 shares of the company’s stock worth $48,071,000 after buying an additional 80,888 shares during the last quarter. Finally, Stifel Financial Corp grew its position in shares of Diageo by 5.7% in the 4th quarter. Stifel Financial Corp now owns 372,643 shares of the company’s stock worth $62,952,000 after acquiring an additional 20,029 shares in the last quarter. 9.03% of the stock is currently owned by hedge funds and other institutional investors.
NYSE DEO traded down $0.68 on Friday, hitting $138.67. The stock had a trading volume of 384,404 shares, compared to its average volume of 503,478. The company’s 50-day moving average is $133.94 and its two-hundred day moving average is $150.40. Diageo plc has a one year low of $100.52 and a one year high of $176.22. The stock has a market cap of $81.42 billion, a price-to-earnings ratio of 20.54, a P/E/G ratio of 4.94 and a beta of 0.60. The company has a quick ratio of 0.53, a current ratio of 1.15 and a debt-to-equity ratio of 1.14.
A number of equities analysts have commented on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Diageo in a report on Tuesday, March 17th. Investec cut shares of Diageo from a “hold” rating to a “sell” rating in a report on Tuesday, March 17th. Morgan Stanley downgraded Diageo from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Cfra increased their price target on Diageo from $166.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, February 5th. Finally, Edward Jones downgraded Diageo from a “buy” rating to a “hold” rating in a report on Thursday, April 23rd. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Diageo currently has a consensus rating of “Hold” and a consensus price target of $160.50.
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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