Brown Advisory Inc. Acquires 4,969 Shares of Diageo plc (NYSE:DEO)

Brown Advisory Inc. boosted its holdings in Diageo plc (NYSE:DEO - Free Report) by 22.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,525 shares of the company's stock after buying an additional 4,969 shares during the quarter. Brown Advisory Inc.'s holdings in Diageo were worth $2,884,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. CoreFirst Bank & Trust bought a new position in Diageo during the fourth quarter valued at approximately $25,000. Orion Capital Management LLC purchased a new stake in Diageo during the 4th quarter valued at $25,000. BNP Paribas bought a new position in shares of Diageo during the 4th quarter valued at $32,000. Measured Risk Portfolios Inc. purchased a new position in shares of Diageo in the 4th quarter worth $32,000. Finally, Perkins Coie Trust Co bought a new stake in shares of Diageo in the first quarter worth $27,000. Institutional investors own 8.97% of the company's stock.

Diageo Stock Performance

Shares of DEO opened at $103.51 on Friday. Diageo plc has a 52 week low of $99.26 and a 52 week high of $142.73. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The stock has a market cap of $57.58 billion, a price-to-earnings ratio of 15.11 and a beta of 0.56. The business has a 50-day simple moving average of $107.52 and a two-hundred day simple moving average of $110.86.

Analyst Ratings Changes

A number of research analysts have weighed in on DEO shares. Berenberg Bank assumed coverage on Diageo in a report on Wednesday, April 2nd. They issued a "buy" rating on the stock. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently 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.

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