Causeway Capital Management LLC Purchases 36,156 Shares of Diageo plc $DEO

Key Points

• Causeway Capital Management LLC increased its position in Diageo by 8.4% in Q3, acquiring 36,156 shares and now owns 466,866 shares worth about $44.55 million (≈0.08% of the company).
• Analysts' consensus is a Hold on DEO with an average target price of $116.50, based on 5 Buy, 4 Hold and 3 Sell ratings.
• Shares opened at $82.14—near the one‑year low of $80.61 and well below the one‑year high of $116.69 and the analyst target; institutional/hedge fund ownership is reported at 8.97%.

Causeway Capital Management LLC increased its position in Diageo plc (NYSE:DEO - Free Report) by 8.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 466,866 shares of the company's stock after acquiring an additional 36,156 shares during the quarter. Causeway Capital Management LLC owned about 0.08% of Diageo worth $44,553,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its position in shares of Diageo by 640.9% in the third quarter. Russell Investments Group Ltd. now owns 29,279 shares of the company's stock valued at $2,794,000 after purchasing an additional 25,327 shares during the period. Dynamic Technology Lab Private Ltd boosted its holdings in Diageo by 145.7% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 14,508 shares of the company's stock worth $1,384,000 after buying an additional 8,604 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in Diageo by 18.8% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 54,350 shares of the company's stock worth $5,187,000 after buying an additional 8,587 shares during the period. First Trust Advisors LP grew its stake in Diageo by 2.9% in the 3rd quarter. First Trust Advisors LP now owns 392,747 shares of the company's stock valued at $37,480,000 after buying an additional 11,122 shares in the last quarter. Finally, Legacy Capital Group California Inc. grew its stake in Diageo by 7.7% in the 3rd quarter. Legacy Capital Group California Inc. now owns 3,446 shares of the company's stock valued at $329,000 after buying an additional 245 shares in the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on DEO. UBS Group restated a "neutral" rating on shares of Diageo in a research report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Diageo in a report on Friday, November 28th. Barclays restated an "overweight" rating on shares of Diageo in a research note on Thursday, December 11th. Sanford C. Bernstein set a $124.00 target price on Diageo and gave the company an "outperform" rating in a report on Monday, December 29th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Diageo in a report on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Diageo presently has a consensus rating of "Hold" and an average target price of $116.50.

Diageo Price Performance

DEO opened at $82.14 on Tuesday. Diageo plc has a one year low of $80.61 and a one year high of $116.69. The company has a fifty day moving average price of $91.18 and a 200-day moving average price of $94.15. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60.

Diageo Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange NYSE: DEO and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo's core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.