30,440 Shares in Diageo plc (NYSE:DEO) Purchased by Graybill Wealth Management LTD.

Graybill Wealth Management LTD. purchased a new stake in Diageo plc (NYSE:DEO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 30,440 shares of the company's stock, valued at approximately $3,190,000.

A number of other hedge funds have also recently bought and sold shares of DEO. SBI Securities Co. Ltd. boosted its stake in shares of Diageo by 13.1% during the 1st quarter. SBI Securities Co. Ltd. now owns 4,312 shares of the company's stock worth $452,000 after acquiring an additional 498 shares during the period. Sigma Planning Corp boosted its stake in shares of Diageo by 4.2% during the 1st quarter. Sigma Planning Corp now owns 6,969 shares of the company's stock worth $730,000 after acquiring an additional 284 shares during the period. Bleakley Financial Group LLC boosted its stake in shares of Diageo by 6.5% during the 1st quarter. Bleakley Financial Group LLC now owns 13,112 shares of the company's stock worth $1,374,000 after acquiring an additional 801 shares during the period. MQS Management LLC bought a new position in shares of Diageo during the 1st quarter worth approximately $499,000. Finally, TruNorth Capital Management LLC bought a new position in shares of Diageo during the 1st quarter worth approximately $30,000. 8.97% of the stock is currently owned by institutional investors.

Diageo Stock Performance

Shares of DEO traded down $0.53 during mid-day trading on Tuesday, hitting $101.37. 456,809 shares of the company's stock were exchanged, compared to its average volume of 976,920. 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 plc has a 52 week low of $99.26 and a 52 week high of $142.73. The stock's 50-day simple moving average is $107.29 and its 200-day simple moving average is $110.57. The firm has a market cap of $56.39 billion, a price-to-earnings ratio of 14.80 and a beta of 0.56.

Analyst Ratings Changes

Several brokerages have recently commented on DEO. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. Berenberg Bank began coverage on Diageo in a research report on Wednesday, April 2nd. They set a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $129.00.

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.