Cobblestone Capital Advisors LLC NY lifted its position in Diageo plc (NYSE:DEO - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 121,243 shares of the company's stock after buying an additional 6,203 shares during the period. Cobblestone Capital Advisors LLC NY's holdings in Diageo were worth $12,705,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new position in shares of Diageo during the 4th quarter worth $25,000. BNP Paribas purchased a new position in Diageo during the fourth quarter valued at $32,000. Measured Risk Portfolios Inc. purchased a new stake in Diageo in the fourth quarter worth about $32,000. Perkins Coie Trust Co bought a new position in shares of Diageo in the first quarter worth about $27,000. Finally, Barrett & Company Inc. bought a new position in shares of Diageo in the first quarter worth about $27,000. Hedge funds and other institutional investors own 8.97% of the company's stock.
Diageo Price Performance
DEO traded down $0.30 during trading on Thursday, reaching $110.67. 958,778 shares of the company traded hands, compared to its average volume of 1,633,526. The company has a market cap of $61.57 billion, a P/E ratio of 16.16, a PEG ratio of 3.34 and a beta of 0.53. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. Diageo plc has a 12-month low of $96.45 and a 12-month high of $142.73. The firm has a fifty day simple moving average of $104.15 and a 200 day simple moving average of $108.07.
Wall Street Analysts Forecast Growth
DEO has been the subject of several analyst reports. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a report on Monday, May 12th. The Goldman Sachs Group upgraded shares of Diageo from a "sell" rating to a "neutral" rating in a research report on Thursday, August 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $129.00.
View Our Latest Stock Report on Diageo
About Diageo
(
Free Report)
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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