Foster Victor Wealth Advisors LLC Buys 439 Shares of Diageo plc (NYSE:DEO)

Foster Victor Wealth Advisors LLC lifted its stake in shares of Diageo plc (NYSE:DEO) by 22.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,368 shares of the company’s stock after buying an additional 439 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Diageo were worth $259,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. CoreFirst Bank & Trust bought a new position in shares of Diageo during the fourth quarter worth about $25,000. Orion Capital Management LLC bought a new stake in shares of Diageo during the fourth quarter valued at approximately $25,000. BNP Paribas bought a new stake in Diageo during the 4th quarter valued at $32,000. Measured Risk Portfolios Inc. bought a new position in Diageo in the 4th quarter valued at about $32,000. Finally, Perkins Coie Trust Co bought a new stake in Diageo during the first quarter worth $27,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Down 2.0%

DEO stock opened at $105.13 on Monday. The stock has a 50-day simple moving average of $110.34 and a two-hundred day simple moving average of $113.88. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. Diageo plc has a twelve month low of $100.72 and a twelve month high of $142.73. The firm has a market capitalization of $58.49 billion, a PE ratio of 15.35, a PEG ratio of 2.39 and a beta of 0.58.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DEO. Morgan Stanley reiterated an “underweight” rating on shares of Diageo in a report on Monday, May 12th. Berenberg Bank initiated coverage on Diageo in a research note on Wednesday, April 2nd. They issued a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Two investment 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $129.00.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.