Schaper Benz & Wise Investment Counsel Inc. WI Buys 9,659 Shares of Diageo plc (NYSE:DEO)

Schaper Benz & Wise Investment Counsel Inc. WI raised its stake in Diageo plc (NYSE:DEO) by 21.1% in the first quarter, Holdings Channel reports. The fund owned 55,348 shares of the company’s stock after purchasing an additional 9,659 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Diageo were worth $5,800,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DEO. CoreFirst Bank & Trust bought a new position in shares of Diageo in the fourth quarter worth about $25,000. Orion Capital Management LLC bought a new position in shares of Diageo in the fourth quarter worth about $25,000. Perkins Coie Trust Co bought a new position in shares of Diageo in the first quarter worth about $27,000. Opal Wealth Advisors LLC bought a new position in shares of Diageo in the first quarter worth about $30,000. Finally, BNP Paribas bought a new position in shares of Diageo in the fourth quarter worth about $32,000. Institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DEO. Berenberg Bank began coverage on shares of Diageo in a report on Wednesday, April 2nd. They issued a “buy” rating for the company. Morgan Stanley reaffirmed an “underweight” rating on shares of Diageo in a research note on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Diageo currently has a consensus rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Performance

Diageo stock opened at $103.15 on Tuesday. The business has a 50 day moving average of $110.36 and a 200-day moving average of $113.77. Diageo plc has a 1 year low of $100.72 and a 1 year high of $142.73. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The company has a market capitalization of $57.38 billion, a P/E ratio of 15.06, a P/E/G ratio of 2.39 and a beta of 0.58.

Diageo Company Profile

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.