Janney Montgomery Scott LLC grew its holdings in shares of Diageo plc (NYSE:DEO – Free Report) by 5.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 172,333 shares of the company’s stock after buying an additional 8,287 shares during the period. Janney Montgomery Scott LLC’s holdings in Diageo were worth $12,830,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of DEO. Sterling Capital Management LLC boosted its stake in Diageo by 16.1% during the first quarter. Sterling Capital Management LLC now owns 10,281 shares of the company’s stock worth $765,000 after acquiring an additional 1,429 shares in the last quarter. Welch Group LLC increased its stake in Diageo by 21.8% in the first quarter. Welch Group LLC now owns 5,934 shares of the company’s stock valued at $442,000 after purchasing an additional 1,062 shares in the last quarter. Aaron Wealth Advisors LLC raised its holdings in shares of Diageo by 14.7% during the first quarter. Aaron Wealth Advisors LLC now owns 4,747 shares of the company’s stock valued at $353,000 after purchasing an additional 608 shares during the period. Fiduciary Alliance LLC acquired a new position in shares of Diageo during the first quarter valued at about $773,000. Finally, Live Oak Private Wealth LLC boosted its position in shares of Diageo by 47.2% during the 1st quarter. Live Oak Private Wealth LLC now owns 95,352 shares of the company’s stock worth $7,099,000 after purchasing an additional 30,591 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on DEO. TD Cowen upgraded Diageo from a “hold” rating to a “buy” rating and raised their target price for the company from $88.00 to $93.00 in a research note on Thursday, June 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a report on Monday, April 20th. Argus raised Diageo to a “hold” rating in a research note on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “hold” rating to a “buy” rating in a report on Tuesday, March 31st. Finally, Loop Capital set a $99.00 target price on Diageo in a research report on Thursday, June 18th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $106.25.
Diageo Stock Performance
Shares of Diageo stock opened at $78.71 on Thursday. The stock has a fifty day simple moving average of $81.60 and a 200 day simple moving average of $84.41. 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 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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