Blue Zone Wealth Advisors LLC grew its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 10.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,127 shares of the company's stock after acquiring 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.
A number of other institutional investors also recently made changes to their positions in DEO. CoreFirst Bank & Trust bought a new position in shares of Diageo during the fourth quarter worth approximately $25,000. Orion Capital Management LLC bought a new position in Diageo during the 4th quarter worth $25,000. BNP Paribas bought a new position in Diageo during the 4th quarter worth $32,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Diageo during the fourth quarter worth $32,000. Finally, Kestra Investment Management LLC bought a new stake in shares of Diageo in the fourth quarter valued at about $36,000. Institutional investors own 8.97% of the company's stock.
Diageo Price Performance
Shares of NYSE DEO traded up $0.33 during trading hours on Tuesday, hitting $107.60. 591,000 shares of the stock were exchanged, compared to its average volume of 949,657. The company's fifty day simple moving average is $110.11 and its two-hundred day simple moving average is $114.18. The company has a market cap of $59.86 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 2.39 and a beta of 0.58. 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 plc has a 1-year low of $100.72 and a 1-year high of $142.73.
Wall Street Analysts Forecast Growth
DEO has been the topic of a number of recent research reports. Berenberg Bank assumed coverage on shares of Diageo in a research report on Wednesday, April 2nd. They set a "buy" rating on the stock. Morgan Stanley reaffirmed an "underweight" rating on shares of Diageo in a report on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Diageo presently has an average rating of "Hold" and an average price target of $129.00.
Read Our Latest Analysis on DEO
Diageo Company Profile
(
Free Report)
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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