Barclays PLC Grows Position in Diageo plc (NYSE:DEO)

Barclays PLC grew its stake in Diageo plc (NYSE:DEO - Free Report) by 1,668.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,599 shares of the company's stock after buying an additional 2,452 shares during the quarter. Barclays PLC's holdings in Diageo were worth $331,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Canoe Financial LP grew its stake in Diageo by 88,407.3% during the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company's stock worth $1,031,465,000 after buying an additional 8,104,301 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Diageo by 11.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company's stock valued at $4,795,000 after purchasing an additional 3,964 shares during the period. Maia Wealth LLC boosted its stake in shares of Diageo by 24.7% during the fourth quarter. Maia Wealth LLC now owns 13,112 shares of the company's stock worth $1,648,000 after buying an additional 2,593 shares during the period. Aviso Financial Inc. boosted its stake in shares of Diageo by 3.4% during the fourth quarter. Aviso Financial Inc. now owns 242,637 shares of the company's stock worth $30,846,000 after buying an additional 7,954 shares during the period. Finally, Tevis Investment Management increased its position in Diageo by 159.7% in the 4th quarter. Tevis Investment Management now owns 13,869 shares of the company's stock valued at $1,763,000 after acquiring an additional 8,528 shares during the period. Institutional investors and hedge funds own 8.97% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Berenberg Bank assumed coverage on Diageo in a report on Wednesday, April 2nd. They issued a "buy" rating on the stock. Finally, Morgan Stanley reissued an "underweight" rating on shares of Diageo in a report on Monday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $129.00.

Diageo Price Performance

Shares of Diageo stock traded up $1.93 on Thursday, hitting $114.67. The company's stock had a trading volume of 320,748 shares, compared to its average volume of 934,015. The company has a market capitalization of $63.79 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 2.39 and a beta of 0.60. Diageo plc has a 52-week low of $100.72 and a 52-week high of $143.32. The firm has a fifty day moving average price of $109.06 and a 200-day moving average price of $115.83. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.

Diageo 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.