Stephens Inc. AR decreased its stake in shares of Diageo plc (NYSE:DEO – Free Report) by 41.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,410 shares of the company’s stock after selling 15,639 shares during the quarter. Stephens Inc. AR’s holdings in Diageo were worth $1,933,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC bought a new position in Diageo in the 4th quarter valued at about $202,000. Russell Investments Group Ltd. boosted its holdings in shares of Diageo by 17.0% during the second quarter. Russell Investments Group Ltd. now owns 3,952 shares of the company’s stock worth $399,000 after acquiring an additional 574 shares during the period. Invesco Ltd. grew its position in shares of Diageo by 5.3% in the second quarter. Invesco Ltd. now owns 212,004 shares of the company’s stock valued at $21,379,000 after purchasing an additional 10,653 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Diageo by 87.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,234 shares of the company’s stock valued at $124,000 after purchasing an additional 575 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of Diageo during the second quarter worth approximately $444,000. Institutional investors own 8.97% of the company’s stock.
Diageo Price Performance
DEO stock opened at $84.20 on Wednesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60. The company’s 50-day simple moving average is $78.42 and its 200 day simple moving average is $86.48. Diageo plc has a 52 week low of $72.45 and a 52 week high of $116.41.
Diageo Dividend Announcement
Analyst Upgrades and Downgrades
Several research firms recently issued reports on DEO. Zacks Research upgraded Diageo from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. BNP Paribas Exane upgraded shares of Diageo from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 25th. Finally, Argus upgraded shares of Diageo to a “hold” rating in a research note on Tuesday, March 10th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $116.50.
Check Out Our Latest Report on DEO
About Diageo
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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