Arlington Partners LLC Raises Position in Diageo plc (NYSE:DEO)

Arlington Partners LLC increased its holdings in Diageo plc (NYSE:DEO - Free Report) by 1,049.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,562 shares of the company's stock after acquiring an additional 35,206 shares during the quarter. Arlington Partners LLC's holdings in Diageo were worth $4,041,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the company. GeoWealth Management LLC raised its stake in shares of Diageo by 1.3% during the fourth quarter. GeoWealth Management LLC now owns 6,944 shares of the company's stock valued at $883,000 after acquiring an additional 92 shares in the last quarter. Aptus Capital Advisors LLC increased its holdings in Diageo by 5.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,867 shares of the company's stock worth $237,000 after purchasing an additional 95 shares during the period. Grove Bank & Trust increased its holdings in Diageo by 1.3% during the 1st quarter. Grove Bank & Trust now owns 7,560 shares of the company's stock worth $792,000 after purchasing an additional 98 shares during the period. Malaga Cove Capital LLC raised 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 valued at $394,000 after purchasing an additional 100 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Diageo by 2.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,735 shares of the company's stock worth $475,000 after buying an additional 103 shares during the period. 8.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Berenberg Bank began coverage on shares of Diageo in a research report on Wednesday, April 2nd. They set a "buy" rating on the stock. Finally, Morgan Stanley restated an "underweight" rating on shares of Diageo in a report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Diageo has an average rating of "Hold" and a consensus price target of $129.00.

Diageo Stock Up 0.7%

DEO stock traded up $0.73 during trading on Thursday, reaching $100.59. 722,717 shares of the company traded hands, compared to its average volume of 966,184. The business has a 50 day simple moving average of $109.36 and a 200 day simple moving average of $112.92. Diageo plc has a 12 month low of $99.26 and a 12 month high of $142.73. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67.

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.