Allspring Global Investments Holdings LLC Has $588,000 Holdings in Diageo plc (NYSE:DEO)

Allspring Global Investments Holdings LLC lifted its position in Diageo plc (NYSE:DEO - Free Report) by 96.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 5,624 shares of the company's stock after purchasing an additional 2,762 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Diageo were worth $588,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. GeoWealth Management LLC boosted its position in Diageo by 1.3% in the fourth quarter. GeoWealth Management LLC now owns 6,944 shares of the company's stock valued at $883,000 after buying an additional 92 shares in the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of Diageo by 5.4% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,867 shares of the company's stock worth $237,000 after acquiring an additional 95 shares in the last quarter. Grove Bank & Trust boosted its holdings in shares of Diageo by 1.3% in the 1st quarter. Grove Bank & Trust now owns 7,560 shares of the company's stock worth $792,000 after acquiring an additional 98 shares in the last quarter. Malaga Cove Capital LLC grew its position in Diageo by 3.3% during the 4th quarter. Malaga Cove Capital LLC now owns 3,101 shares of the company's stock worth $394,000 after acquiring an additional 100 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in Diageo by 2.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,735 shares of the company's stock valued at $475,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 8.97% of the company's stock.

Diageo Trading Down 1.9%

NYSE:DEO traded down $1.98 during trading hours on Friday, hitting $103.51. 1,198,346 shares of the stock were exchanged, compared to its average volume of 978,757. The company has a market capitalization of $57.59 billion, a P/E ratio of 15.11 and a beta of 0.56. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The company's 50 day moving average is $107.52 and its two-hundred day moving average is $110.86. Diageo plc has a twelve month low of $99.26 and a twelve month high of $142.73.

Analyst Upgrades and Downgrades

A number of research firms have commented on DEO. Berenberg Bank started coverage on Diageo in a research note on Wednesday, April 2nd. They issued a "buy" rating on the stock. Morgan Stanley reaffirmed an "underweight" rating on shares of Diageo in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average 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.