D.A. Davidson & CO. Acquires 30,464 Shares of Diageo plc (NYSE:DEO)

D.A. Davidson & CO. boosted its holdings in Diageo plc (NYSE:DEO - Free Report) by 713.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,735 shares of the company's stock after buying an additional 30,464 shares during the period. D.A. Davidson & CO.'s holdings in Diageo were worth $3,640,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of DEO. Kovitz Investment Group Partners LLC raised its holdings in shares of Diageo by 234.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,600,702 shares of the company's stock worth $330,627,000 after acquiring an additional 1,822,994 shares during the period. Bank of Montreal Can raised its holdings in shares of Diageo by 1,181.5% during the fourth quarter. Bank of Montreal Can now owns 1,406,004 shares of the company's stock worth $178,745,000 after acquiring an additional 1,296,285 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Diageo during the fourth quarter worth $123,892,000. FMR LLC lifted its position in Diageo by 10.9% during the 4th 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. Finally, Northern Trust Corp grew its holdings in shares of Diageo by 39.9% in the 4th quarter. Northern Trust Corp now owns 649,769 shares of the company's stock valued at $82,605,000 after acquiring an additional 185,282 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DEO has been the subject of a number of research analyst reports. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a report on Monday, May 12th. Berenberg Bank initiated coverage on Diageo in a report on Wednesday, April 2nd. They set a "buy" rating for the company. Two investment analysts have 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 MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $129.00.

Diageo Price Performance

Shares of NYSE:DEO traded up $2.21 during trading on Tuesday, hitting $105.14. 1,291,768 shares of the company were exchanged, compared to its average volume of 972,922. The business's 50 day moving average is $108.10 and its 200-day moving average is $111.35. The company has a market capitalization of $58.49 billion, a P/E ratio of 15.35 and a beta of 0.56. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. Diageo plc has a 1-year low of $99.26 and a 1-year 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.