Diageo plc (NYSE:DEO) Shares Bought by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC boosted its position in shares of Diageo plc (NYSE:DEO - Free Report) by 10.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,127 shares of the company's stock after purchasing an additional 3,704 shares during the period. Blue Zone Wealth Advisors LLC's holdings in Diageo were worth $3,995,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. CoreFirst Bank & Trust acquired a new stake in shares of Diageo during the fourth quarter valued at about $25,000. Orion Capital Management LLC acquired a new stake in shares of Diageo during the fourth quarter valued at about $25,000. BNP Paribas acquired a new stake in shares of Diageo during the fourth quarter valued at about $32,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Diageo during the fourth quarter valued at about $32,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Diageo during the fourth quarter valued at about $36,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Stock Down 0.1%

Shares of DEO stock traded down $0.11 during trading on Friday, reaching $105.10. The company's stock had a trading volume of 741,658 shares, compared to its average volume of 949,694. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The company has a market capitalization of $58.47 billion, a price-to-earnings ratio of 15.34, a P/E/G ratio of 2.39 and a beta of 0.58. The stock's 50-day moving average price is $110.11 and its 200 day moving average price is $114.35. Diageo plc has a 1-year low of $100.72 and a 1-year high of $142.73.

Analyst Ratings Changes

A number of brokerages have weighed in on DEO. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a research report 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 for the company. Finally, Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $129.00.

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.