Vise Technologies Inc. Takes Position in Diageo plc $DEO

Vise Technologies Inc. acquired a new position in Diageo plc (NYSE:DEO) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 9,109 shares of the company’s stock, valued at approximately $919,000.

Several other institutional investors have also made changes to their positions in the business. Venturi Wealth Management LLC boosted its stake in Diageo by 3.6% in the 1st quarter. Venturi Wealth Management LLC now owns 2,582 shares of the company’s stock valued at $271,000 after buying an additional 89 shares in the last quarter. SageView Advisory Group LLC lifted its holdings in Diageo by 1.7% in the first quarter. SageView Advisory Group LLC now owns 5,450 shares of the company’s stock valued at $571,000 after buying an additional 89 shares during the period. Pinnacle West Asset Management Inc. boosted its position in shares of Diageo by 3.2% in the 1st quarter. Pinnacle West Asset Management Inc. now owns 3,240 shares of the company’s stock worth $340,000 after purchasing an additional 100 shares during the last quarter. Aaron Wealth Advisors LLC boosted its holdings in Diageo by 2.9% during the second quarter. Aaron Wealth Advisors LLC now owns 3,541 shares of the company’s stock worth $357,000 after buying an additional 101 shares during the last quarter. Finally, Kestra Private Wealth Services LLC grew its holdings in Diageo by 2.1% during the first quarter. Kestra Private Wealth Services LLC now owns 5,345 shares of the company’s stock valued at $560,000 after purchasing an additional 110 shares during the period. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DEO. Bank of America lowered their target price on Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a research note on Friday, September 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th. The Goldman Sachs Group raised shares of Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Finally, Zacks Research lowered Diageo from a “hold” rating to a “strong sell” rating in a report on Tuesday. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $119.00.

Diageo Stock Performance

Shares of DEO opened at $96.12 on Friday. The business has a 50-day simple moving average of $96.72 and a two-hundred day simple moving average of $103.97. Diageo plc has a 12-month low of $86.57 and a 12-month high of $132.34. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64.

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.