Lafayette Investments Inc. lowered its stake in shares of Diageo plc (NYSE:DEO – Free Report) by 35.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 36,527 shares of the company’s stock after selling 19,855 shares during the period. Lafayette Investments Inc.’s holdings in Diageo were worth $3,151,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Equity Investment Corp bought a new position in Diageo during the 3rd quarter valued at about $92,970,000. Federated Hermes Inc. boosted its position in Diageo by 7.2% in the third quarter. Federated Hermes Inc. now owns 726,578 shares of the company’s stock worth $69,337,000 after purchasing an additional 48,909 shares during the last quarter. Causeway Capital Management LLC boosted its position in Diageo by 8.4% in the third quarter. Causeway Capital Management LLC now owns 466,866 shares of the company’s stock worth $44,553,000 after purchasing an additional 36,156 shares during the last quarter. Third View Private Wealth LLC purchased a new position in shares of Diageo during the 4th quarter valued at about $1,111,000. Finally, First Eagle Investment Management LLC lifted its position in shares of Diageo by 90.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 132,978 shares of the company’s stock valued at $12,690,000 after buying an additional 63,119 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.
Diageo Price Performance
NYSE:DEO opened at $81.90 on Tuesday. The business’s 50-day moving average is $78.71 and its 200 day moving average is $87.04. Diageo plc has a 12 month low of $72.45 and a 12 month high of $116.41. The company has a current ratio of 1.60, a quick ratio of 0.71 and a debt-to-equity ratio of 1.53.
Diageo Announces Dividend
Analyst Upgrades and Downgrades
A number of research firms have commented on DEO. HSBC cut Diageo from a “buy” rating to a “hold” rating in a report on Monday, March 2nd. Zacks Research upgraded Diageo from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft raised Diageo from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research note on Monday, April 20th. Finally, BNP Paribas Exane raised shares of Diageo from an “underperform” rating to a “neutral” rating in a report on Wednesday, March 25th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $116.50.
View Our Latest Stock Analysis on DEO
Diageo Profile
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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