AlphaCore Capital LLC Acquires New Stake in Diageo plc (NYSE:DEO)

Key Points

• AlphaCore Capital LLC acquired a new stake in Diageo plc by purchasing 2,332 shares valued at approximately $244,000 during the first quarter.
• Several institutional investors, including Brighton Jones LLC and Invesco Ltd., have also adjusted their holdings in Diageo, with the latter increasing its position by 12.2% in the fourth quarter.
• Diageo currently has an average analyst rating of "Hold", with a consensus price target of $129.00 following recent upgrades and downgrades by prominent firms.

AlphaCore Capital LLC purchased a new stake in Diageo plc (NYSE:DEO - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,332 shares of the company's stock, valued at approximately $244,000.

Other institutional investors have also made changes to their positions in the company. Orion Capital Management LLC bought a new stake in Diageo during the fourth quarter worth $25,000. BNP Paribas bought a new stake in Diageo during the fourth quarter worth $32,000. Measured Risk Portfolios Inc. bought a new stake in Diageo during the fourth quarter worth $32,000. Perkins Coie Trust Co bought a new stake in Diageo during the first quarter worth $27,000. Finally, Barrett & Company Inc. bought a new stake in Diageo during the first quarter worth $27,000. 8.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on DEO shares. Morgan Stanley restated an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. The Goldman Sachs Group upgraded Diageo from a "sell" rating to a "neutral" rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $129.00.

Diageo Price Performance

Shares of DEO traded down $0.08 during trading hours on Friday, reaching $110.63. The stock had a trading volume of 248,730 shares, compared to its average volume of 1,111,803. Diageo plc has a 12 month low of $96.45 and a 12 month high of $142.73. The stock has a market capitalization of $61.55 billion, a PE ratio of 16.15, a PEG ratio of 3.34 and a beta of 0.53. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The company's 50-day moving average is $104.15 and its two-hundred day moving average is $108.07.

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.