Bank of New York Mellon Corp Boosts Position in Diageo plc $DEO

Posted by on Aug 1st, 2026

Bank of New York Mellon Corp boosted its holdings in Diageo plc (NYSE:DEO – Free Report) by 9.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 160,477 shares of the company’s stock after purchasing an additional 13,928 shares during the quarter. Bank of New York Mellon Corp’s holdings in Diageo were worth $11,948,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in DEO. Spire Wealth Management lifted its holdings in shares of Diageo by 123.6% in the 4th quarter. Spire Wealth Management now owns 322 shares of the company’s stock valued at $28,000 after purchasing an additional 178 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of Diageo by 8,000.0% in the 4th quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock valued at $29,000 after purchasing an additional 320 shares during the period. Flagship Harbor Advisors LLC purchased a new position in Diageo during the 4th quarter worth approximately $30,000. Cromwell Holdings LLC purchased a new position in Diageo during the 4th quarter worth approximately $49,000. Finally, Basepoint Wealth LLC acquired a new position in Diageo during the fourth quarter worth approximately $55,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Stock Performance

Shares of NYSE:DEO opened at $88.04 on Friday. Diageo plc has a 52 week low of $72.45 and a 52 week high of $116.41. The company has a 50-day moving average price of $82.52 and a 200 day moving average price of $83.89. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60.

Wall Street Analyst Weigh In

DEO has been the topic of a number of research reports. Loop Capital set a $99.00 target price on shares of Diageo in a research report on Thursday, June 18th. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research report on Friday, July 17th. Zacks Research lowered shares of Diageo from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. Finally, TD Cowen upgraded shares of Diageo from a “hold” rating to a “buy” rating and increased their target price for the stock from $88.00 to $93.00 in a research note on Thursday, June 25th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $106.25.

View Our Latest Stock Analysis on Diageo

Diageo Profile

(Free Report)

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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