Diageo plc (NYSE:DEO) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers boosted its holdings in Diageo plc (NYSE:DEO - Free Report) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,099 shares of the company's stock after acquiring an additional 8,851 shares during the period. Cetera Investment Advisers' holdings in Diageo were worth $12,598,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Canoe Financial LP lifted its holdings in Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company's stock worth $1,031,465,000 after acquiring an additional 8,104,301 shares during the last quarter. FMR LLC lifted its holdings in Diageo by 10.9% in the fourth quarter. FMR LLC now owns 5,813,938 shares of the company's stock worth $739,126,000 after acquiring an additional 571,873 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in Diageo by 234.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,600,702 shares of the company's stock worth $330,627,000 after acquiring an additional 1,822,994 shares during the last quarter. Bank of Montreal Can lifted its holdings in Diageo by 1,181.5% in the fourth quarter. Bank of Montreal Can now owns 1,406,004 shares of the company's stock worth $178,745,000 after acquiring an additional 1,296,285 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Diageo by 9.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,220,534 shares of the company's stock worth $155,167,000 after acquiring an additional 103,540 shares during the last quarter. Institutional investors own 8.97% of the company's stock.

Diageo Stock Performance

Shares of DEO traded up $0.61 during mid-day trading on Wednesday, reaching $112.88. 803,872 shares of the company's stock traded hands, compared to its average volume of 936,338. The business's 50-day moving average price is $109.05 and its 200-day moving average price is $115.85. The stock has a market capitalization of $62.79 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 2.39 and a beta of 0.60. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. Diageo plc has a 12 month low of $100.72 and a 12 month high of $143.32.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DEO shares. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Berenberg Bank assumed coverage on Diageo in a report on Wednesday, April 2nd. They set a "buy" rating on the stock. Finally, Morgan Stanley reaffirmed an "underweight" rating on shares of Diageo in a report on Monday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Diageo currently has a consensus rating of "Hold" and a consensus target price of $129.00.

About Diageo

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.