Lazard Asset Management LLC Grows Stock Holdings in Diageo plc $DEO

Posted by Francis Steltz on Jul 30th, 2026

Lazard Asset Management LLC increased its stake in Diageo plc (NYSE:DEO – Free Report) by 3.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 182,390 shares of the company’s stock after buying an additional 6,165 shares during the period. Lazard Asset Management LLC’s holdings in Diageo were worth $13,579,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bank of Montreal Can raised its stake in Diageo by 428.7% during the fourth quarter. Bank of Montreal Can now owns 2,173,047 shares of the company’s stock valued at $187,469,000 after buying an additional 1,762,027 shares during the last quarter. Orbis Allan Gray Ltd boosted its holdings in Diageo by 236.6% in the second quarter. Orbis Allan Gray Ltd now owns 1,157,991 shares of the company’s stock worth $116,772,000 after acquiring an additional 813,973 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Diageo by 48.5% in the third quarter. Raymond James Financial Inc. now owns 1,701,878 shares of the company’s stock worth $162,410,000 after acquiring an additional 555,509 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new stake in shares of Diageo in the fourth quarter worth $46,763,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Diageo by 53.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,372,808 shares of the company’s stock valued at $102,124,000 after acquiring an additional 477,999 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Trading Up 0.3%

Diageo stock opened at $89.16 on Thursday. Diageo plc has a 12 month low of $72.45 and a 12 month high of $116.41. The stock has a fifty day simple moving average of $82.43 and a two-hundred day simple moving average of $83.86. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.71.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DEO shares. Zacks Research lowered Diageo from a “hold” rating to a “strong sell” rating in a research report on Monday. TD Cowen raised shares of Diageo from a “hold” rating to a “buy” rating and increased their price objective for the company from $88.00 to $93.00 in a research report on Thursday, June 25th. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research note on Friday, July 17th. Finally, Loop Capital set a $99.00 target price on shares of Diageo in a report on Thursday, June 18th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Diageo currently has an average rating of “Hold” and an average target price of $106.25.

Read Our Latest Report on DEO

About Diageo

(Free Report)

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.