Brown Miller Wealth Management LLC Invests $491,000 in Diageo plc (NYSE:DEO)

Brown Miller Wealth Management LLC bought a new stake in Diageo plc (NYSE:DEO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,684 shares of the company's stock, valued at approximately $491,000.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in shares of Diageo during the 4th quarter valued at $202,000. Savant Capital LLC boosted its holdings in Diageo by 5.0% in the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company's stock valued at $237,000 after acquiring an additional 88 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Diageo by 23.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,862 shares of the company's stock valued at $361,000 after acquiring an additional 539 shares during the period. Principal Securities Inc. increased its stake in Diageo by 0.9% during the fourth quarter. Principal Securities Inc. now owns 40,586 shares of the company's stock worth $5,160,000 after acquiring an additional 364 shares during the last quarter. Finally, Copperleaf Capital LLC raised its holdings in shares of Diageo by 8.7% in the 4th quarter. Copperleaf Capital LLC now owns 7,119 shares of the company's stock worth $905,000 after purchasing an additional 572 shares during the period. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Stock Performance

Diageo stock opened at $105.13 on Monday. The firm has a market capitalization of $58.49 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 2.39 and a beta of 0.58. Diageo plc has a one year low of $100.72 and a one year high of $142.73. The stock's 50 day moving average price is $110.34 and its 200 day moving average price is $113.88. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60.

Analyst Upgrades and Downgrades

DEO has been the subject of a number of research reports. Berenberg Bank began coverage on Diageo in a report on Wednesday, April 2nd. They set a "buy" rating for the company. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Morgan Stanley reissued an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. Two 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, 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.

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