161,696 Shares in Diageo plc (NYSE:DEO) Bought by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC bought a new stake in Diageo plc (NYSE:DEO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 161,696 shares of the company's stock, valued at approximately $16,944,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Kovitz Investment Group Partners LLC raised its stake in shares of Diageo by 234.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,600,702 shares of the company's stock worth $330,627,000 after purchasing an additional 1,822,994 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Diageo by 1,181.5% in the fourth quarter. Bank of Montreal Can now owns 1,406,004 shares of the company's stock valued at $178,745,000 after acquiring an additional 1,296,285 shares in the last quarter. FMR LLC lifted its position in shares of Diageo by 10.9% in the fourth quarter. FMR LLC now owns 5,813,938 shares of the company's stock worth $739,126,000 after buying an additional 571,873 shares in the last quarter. Northern Trust Corp boosted its stake in Diageo by 39.9% during the fourth quarter. Northern Trust Corp now owns 649,769 shares of the company's stock valued at $82,605,000 after buying an additional 185,282 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Diageo by 4,656.6% during the first quarter. GAMMA Investing LLC now owns 154,305 shares of the company's stock valued at $16,170,000 after buying an additional 151,061 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company's stock.

Diageo Stock Down 0.3%

Shares of Diageo stock traded down $0.28 during trading on Thursday, reaching $105.80. The company's stock had a trading volume of 758,116 shares, compared to its average volume of 1,060,359. 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 company has a market cap of $58.86 billion, a price-to-earnings ratio of 15.46 and a beta of 0.56. Diageo plc has a 1-year low of $99.26 and a 1-year high of $142.73. The company has a 50-day simple moving average of $105.76 and a two-hundred day simple moving average of $109.71.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DEO. Morgan Stanley restated an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. Berenberg Bank started coverage on Diageo in a report on Wednesday, April 2nd. They issued a "buy" rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $129.00.

Diageo 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.