Cary Street Partners Financial LLC Buys Shares of 5,820 Diageo plc (NYSE:DEO)

Cary Street Partners Financial LLC acquired a new stake in Diageo plc (NYSE:DEO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,820 shares of the company's stock, valued at approximately $740,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DEO. Canoe Financial LP raised its stake in shares of Diageo by 88,407.3% during the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company's stock worth $1,031,465,000 after purchasing an additional 8,104,301 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Diageo by 11.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company's stock worth $4,795,000 after purchasing an additional 3,964 shares during the last quarter. Maia Wealth LLC raised 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 purchasing an additional 2,593 shares during the last quarter. Aviso Financial Inc. raised 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 purchasing an additional 7,954 shares during the last quarter. Finally, Tevis Investment Management raised its stake in shares of Diageo by 159.7% during the fourth quarter. Tevis Investment Management now owns 13,869 shares of the company's stock worth $1,763,000 after purchasing an additional 8,528 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on DEO. Morgan Stanley restated an "underweight" rating on shares of Diageo in a research note on Monday. Berenberg Bank assumed coverage on Diageo in a report on Wednesday, April 2nd. They set a "buy" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $129.00.

Diageo Price Performance

DEO stock traded up $0.43 on Wednesday, reaching $112.70. 561,506 shares of the company's stock were exchanged, compared to its average volume of 933,725. The stock has a fifty day moving average of $109.05 and a 200-day moving average of $115.85. Diageo plc has a twelve month low of $100.72 and a twelve month high of $144.27. The firm has a market cap of $62.69 billion, a PE ratio of 16.45, a P/E/G ratio of 2.39 and a beta of 0.60. 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 Company 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.