Diageo plc (NYSE:DEO) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers raised its holdings in Diageo plc (NYSE:DEO - Free Report) by 22.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 121,283 shares of the company's stock after buying an additional 22,184 shares during the period. Cetera Investment Advisers' holdings in Diageo were worth $12,709,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its holdings in shares of Diageo by 3.6% in the 1st quarter. Venturi Wealth Management LLC now owns 2,582 shares of the company's stock valued at $271,000 after purchasing an additional 89 shares in the last quarter. GeoWealth Management LLC raised its holdings in shares of Diageo by 1.3% in the 4th quarter. GeoWealth Management LLC now owns 6,944 shares of the company's stock valued at $883,000 after purchasing an additional 92 shares in the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of Diageo by 5.4% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,867 shares of the company's stock valued at $237,000 after purchasing an additional 95 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of Diageo by 1.3% in the 1st quarter. Grove Bank & Trust now owns 7,560 shares of the company's stock valued at $792,000 after purchasing an additional 98 shares in the last quarter. Finally, Malaga Cove Capital LLC raised its holdings in shares of Diageo by 3.3% in the 4th quarter. Malaga Cove Capital LLC now owns 3,101 shares of the company's stock valued at $394,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company's stock.

Diageo Stock Down 1.4%

NYSE:DEO traded down $1.42 during midday trading on Wednesday, hitting $102.90. 1,168,450 shares of the company were exchanged, compared to its average volume of 1,128,085. The company has a fifty day simple moving average of $104.80 and a 200 day simple moving average of $109.05. Diageo plc has a fifty-two week low of $99.26 and a fifty-two week high of $142.73. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $57.25 billion, a PE ratio of 15.02 and a beta of 0.56.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DEO shares. Morgan Stanley restated an "underweight" rating on shares of Diageo in a report on Monday, May 12th. Berenberg Bank started coverage on shares of Diageo in a report on Wednesday, April 2nd. They issued a "buy" rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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.