Allspring Global Investments Holdings LLC Purchases 2,762 Shares of Diageo plc (NYSE:DEO)

Allspring Global Investments Holdings LLC boosted its position in Diageo plc (NYSE:DEO - Free Report) by 96.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,624 shares of the company's stock after acquiring an additional 2,762 shares during the period. Allspring Global Investments Holdings LLC's holdings in Diageo were worth $588,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of Diageo during the 4th quarter valued at approximately $202,000. Charles Schwab Investment Management Inc. raised its holdings in Diageo by 11.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company's stock valued at $4,795,000 after acquiring an additional 3,964 shares during the period. King Luther Capital Management Corp purchased a new stake in shares of Diageo during the fourth quarter worth $206,000. Wealthfront Advisers LLC bought a new position in shares of Diageo in the fourth quarter worth $276,000. Finally, Moors & Cabot Inc. grew its position in shares of Diageo by 2.3% in the fourth quarter. Moors & Cabot Inc. now owns 15,942 shares of the company's stock valued at $2,027,000 after purchasing an additional 357 shares in the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DEO shares. Berenberg Bank initiated coverage on 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $129.00.

Diageo Trading Down 0.4%

Shares of DEO stock opened at $104.73 on Thursday. The company has a market capitalization of $58.26 billion, a PE ratio of 15.29 and a beta of 0.56. Diageo plc has a 52-week low of $99.26 and a 52-week high of $142.73. The business's fifty day moving average is $107.84 and its 200 day moving average is $111.26. 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 Company 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.

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