Bridgewater Advisors Inc. Buys Shares of 3,241 Diageo plc (NYSE:DEO)

Bridgewater Advisors Inc. purchased a new position in shares of Diageo plc (NYSE:DEO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,241 shares of the company's stock, valued at approximately $359,000.

A number of other hedge funds have also made changes to their positions in the stock. GeoWealth Management LLC grew its position in shares of Diageo by 1.3% during the fourth quarter. GeoWealth Management LLC now owns 6,944 shares of the company's stock worth $883,000 after buying an additional 92 shares in the last quarter. Aptus Capital Advisors LLC grew its position in shares of Diageo by 5.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,867 shares of the company's stock worth $237,000 after buying an additional 95 shares in the last quarter. Grove Bank & Trust boosted its holdings in Diageo by 1.3% in the first quarter. Grove Bank & Trust now owns 7,560 shares of the company's stock worth $792,000 after purchasing an additional 98 shares during the period. Malaga Cove Capital LLC boosted its holdings in Diageo by 3.3% in the fourth quarter. Malaga Cove Capital LLC now owns 3,101 shares of the company's stock worth $394,000 after purchasing an additional 100 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in Diageo by 2.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,735 shares of the company's stock worth $475,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 8.97% of the company's stock.

Diageo Stock Performance

Diageo stock traded up $0.14 during mid-day trading on Friday, reaching $103.30. The company's stock had a trading volume of 916,612 shares, compared to its average volume of 1,053,711. The firm has a market cap of $57.47 billion, a price-to-earnings ratio of 15.08 and a beta of 0.56. The business has a 50 day moving average price of $106.53 and a 200-day moving average price of $110.29. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. Diageo plc has a twelve month low of $99.26 and a twelve month high of $142.73.

Analysts Set New Price Targets

A number of equities analysts have commented on DEO shares. Morgan Stanley reaffirmed an "underweight" rating on shares of Diageo in a report on Monday, May 12th. Berenberg Bank started coverage on shares of Diageo in a report on Wednesday, April 2nd. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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.