U.S. Capital Wealth Advisors LLC Has $9.42 Million Stake in Diageo plc (NYSE:DEO)

U.S. Capital Wealth Advisors LLC boosted its holdings in Diageo plc (NYSE:DEO - Free Report) by 75.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,853 shares of the company's stock after buying an additional 38,661 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Diageo were worth $9,416,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Kovitz Investment Group Partners LLC increased its stake in Diageo by 234.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,600,702 shares of the company's stock valued at $330,627,000 after purchasing an additional 1,822,994 shares in the last quarter. Bank of Montreal Can increased its stake in 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 purchasing an additional 1,296,285 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Diageo in the fourth quarter valued at approximately $123,892,000. FMR LLC increased its stake in Diageo by 10.9% in the fourth quarter. FMR LLC now owns 5,813,938 shares of the company's stock valued at $739,126,000 after purchasing an additional 571,873 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Diageo by 39.9% in the fourth quarter. Northern Trust Corp now owns 649,769 shares of the company's stock valued at $82,605,000 after purchasing an additional 185,282 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DEO shares. Berenberg Bank started coverage on shares of Diageo in a research report on Wednesday, April 2nd. They set a "buy" rating for the company. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $129.00.

Diageo Stock Down 1.8%

Shares of DEO stock traded down $1.91 during trading hours on Monday, hitting $102.82. 843,171 shares of the company were exchanged, compared to its average volume of 969,716. The business has a 50 day moving average of $108.27 and a two-hundred day moving average of $111.51. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. Diageo plc has a 52 week low of $99.26 and a 52 week high of $142.73. The company has a market capitalization of $57.20 billion, a PE ratio of 15.01 and a beta of 0.56.

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.