Allied Investment Advisors LLC Purchases 11,265 Shares of Diageo plc (NYSE:DEO)

Allied Investment Advisors LLC boosted its position in Diageo plc (NYSE:DEO - Free Report) by 17.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,829 shares of the company's stock after purchasing an additional 11,265 shares during the quarter. Allied Investment Advisors LLC's holdings in Diageo were worth $7,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of DEO. Charles Schwab Investment Management Inc. increased its holdings in shares of Diageo by 11.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company's stock worth $4,795,000 after buying an additional 3,964 shares during the last quarter. Maia Wealth LLC increased its holdings in shares of Diageo by 24.7% in the 4th quarter. Maia Wealth LLC now owns 13,112 shares of the company's stock worth $1,648,000 after buying an additional 2,593 shares during the last quarter. Aviso Financial Inc. increased its holdings in shares of Diageo by 3.4% in the 4th quarter. Aviso Financial Inc. now owns 242,637 shares of the company's stock worth $30,846,000 after buying an additional 7,954 shares during the last quarter. Tevis Investment Management increased its holdings in shares of Diageo by 159.7% in the 4th quarter. Tevis Investment Management now owns 13,869 shares of the company's stock worth $1,763,000 after buying an additional 8,528 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Diageo by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 348,598 shares of the company's stock worth $44,317,000 after buying an additional 8,656 shares during the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on DEO. Berenberg Bank assumed coverage on shares of Diageo in a report on Wednesday, April 2nd. They set a "buy" rating on the stock. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. 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, Diageo currently has an average rating of "Hold" and an average target price of $129.00.

Diageo Trading Down 0.9%

NYSE:DEO traded down $0.99 during trading hours on Tuesday, reaching $107.68. The company's stock had a trading volume of 737,087 shares, compared to its average volume of 945,827. The firm has a market capitalization of $59.91 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 2.39 and a beta of 0.60. The firm has a 50-day simple moving average of $109.93 and a 200-day simple moving average of $114.65. Diageo plc has a 1 year low of $100.72 and a 1 year high of $142.73. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60.

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.