Crestwood Advisors Group LLC Invests $16.94 Million in Diageo plc (NYSE:DEO)

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

A number of other large investors also recently added to or reduced their stakes in DEO. Brighton Jones LLC purchased a new position in Diageo in the 4th quarter worth approximately $202,000. Charles Schwab Investment Management Inc. grew its holdings in Diageo by 11.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company's stock valued at $4,795,000 after buying an additional 3,964 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Diageo by 47.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,744 shares of the company's stock valued at $331,000 after buying an additional 885 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of Diageo in the 4th quarter worth approximately $55,000. Finally, American Century Companies Inc. lifted its holdings in shares of Diageo by 4.8% in the 4th quarter. American Century Companies Inc. now owns 102,965 shares of the company's stock worth $13,090,000 after buying an additional 4,686 shares during the period. 8.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a report on Monday, May 12th. Berenberg Bank started coverage on Diageo in a report on Wednesday, April 2nd. They set a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Diageo has an average rating of "Hold" and an average price target of $129.00.

Diageo Price Performance

DEO stock opened at $103.06 on Monday. The business has a fifty day moving average of $106.29 and a two-hundred day moving average of $109.90. 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 $57.33 billion, a price-to-earnings ratio of 15.03 and a beta of 0.56. Diageo plc has a 52-week low of $99.26 and a 52-week high of $142.73.

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.

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