Aigen Investment Management LP Buys Shares of 19,360 Diageo plc (NYSE:DEO)

Key Points

• Aigen Investment Management LP has acquired 19,360 shares of Diageo plc, valued at approximately $2,029,000, marking a new position in the company during the first quarter.
• Institutional investors now own 8.97% of Diageo's stock, with several firms, including Venturi Wealth Management and GeoWealth Management, increasing their stakes in recent quarters.
• Diageo has received mixed ratings from analysts, with a current consensus rating of "Hold" and a price target of $129.00, following recent upgrades and downgrades from leading investment firms.

Aigen Investment Management LP acquired a new position in Diageo plc (NYSE:DEO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 19,360 shares of the company's stock, valued at approximately $2,029,000.

Several other institutional investors have also recently made changes to their positions in the stock. Venturi Wealth Management LLC raised its stake in shares of Diageo by 3.6% in the first quarter. Venturi Wealth Management LLC now owns 2,582 shares of the company's stock worth $271,000 after buying an additional 89 shares during the period. GeoWealth Management LLC raised its stake in shares of Diageo by 1.3% in 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 during the period. Aptus Capital Advisors LLC raised its stake in shares of Diageo by 5.4% in 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 during the period. Grove Bank & Trust raised its stake in shares of 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 buying an additional 98 shares during the period. Finally, Malaga Cove Capital LLC raised its stake in shares of 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 buying an additional 100 shares during the period. Institutional investors own 8.97% of the company's stock.

Diageo Stock Performance

NYSE:DEO opened at $109.39 on Friday. 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 12-month low of $96.45 and a 12-month high of $142.73. The stock has a 50-day moving average price of $103.91 and a 200 day moving average price of $108.29. The stock has a market capitalization of $60.86 billion, a P/E ratio of 15.97, a P/E/G ratio of 3.31 and a beta of 0.53.

Analyst Ratings Changes

Several research analysts have recently commented on DEO shares. Morgan Stanley reaffirmed an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. The Goldman Sachs Group raised Diageo from a "sell" rating to a "neutral" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target 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.

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