9,983 Shares in Diageo plc (NYSE:DEO) Bought by Martin Capital Partners LLC

Martin Capital Partners LLC acquired a new position in shares of Diageo plc (NYSE:DEO - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 9,983 shares of the company's stock, valued at approximately $1,046,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. CX Institutional acquired a new stake in Diageo in the first quarter worth approximately $104,000. Integrated Advisors Network LLC increased its stake in shares of Diageo by 36.1% in the first quarter. Integrated Advisors Network LLC now owns 2,690 shares of the company's stock worth $282,000 after acquiring an additional 714 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Diageo by 8.2% in the first quarter. Farther Finance Advisors LLC now owns 18,680 shares of the company's stock worth $1,952,000 after acquiring an additional 1,423 shares during the last quarter. Portside Wealth Group LLC increased its stake in shares of Diageo by 6.9% in the first quarter. Portside Wealth Group LLC now owns 4,957 shares of the company's stock worth $519,000 after acquiring an additional 320 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its holdings in Diageo by 1.3% in the first quarter. Wedge Capital Management L L P NC now owns 62,198 shares of the company's stock worth $6,518,000 after purchasing an additional 806 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Price Performance

Shares of NYSE DEO traded down $2.18 during mid-day trading on Friday, hitting $105.13. 663,828 shares of the stock were exchanged, compared to its average volume of 954,391. The company has a market cap of $58.49 billion, a P/E ratio of 15.35, a PEG ratio of 2.39 and a beta of 0.58. The stock's fifty day simple moving average is $110.34 and its two-hundred day simple moving average is $113.92. 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 twelve month low of $100.72 and a twelve month high of $142.73.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DEO. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. Finally, Berenberg Bank began coverage on shares of Diageo in a research report on Wednesday, April 2nd. They issued a "buy" rating for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average 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.