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Diageo plc (NYSE:DEO) Stake Raised by Cobblestone Capital Advisors LLC NY

Diageo logo with Consumer Staples background

Key Points

  • Cobblestone Capital Advisors LLC NY increased its stake in Diageo plc by 5.4%, now owning 121,243 shares worth approximately $12.7 million.
  • Diageo has seen various hedge funds acquire new positions in the company, with institutional investors owning 8.97% of its stock.
  • Analyst ratings for Diageo vary, with one sell rating, four hold ratings, and four buy ratings, leading to a consensus rating of "Hold" and an average price target of $129.00.
  • Looking to export and analyze Diageo data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Cobblestone Capital Advisors LLC NY grew its holdings in shares of Diageo plc (NYSE:DEO - Free Report) by 5.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new position in shares of Diageo during the fourth quarter valued at approximately $25,000. BNP Paribas acquired a new position in shares of Diageo during the fourth quarter valued at approximately $32,000. Measured Risk Portfolios Inc. acquired a new position in shares of Diageo during the fourth quarter valued at approximately $32,000. Perkins Coie Trust Co acquired a new position in shares of Diageo during the first quarter valued at approximately $27,000. Finally, Barrett & Company Inc. acquired a new position in shares of Diageo during the first quarter valued at approximately $27,000. Institutional investors own 8.97% of the company's stock.

Diageo Trading Up 0.4%

Diageo stock opened at $109.39 on Friday. 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 1 year low of $96.45 and a 1 year high of $142.73. The firm has a market cap of $60.86 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 3.31 and a beta of 0.53. The firm's 50 day moving average price is $103.91 and its two-hundred day moving average price is $108.29.

Analyst Ratings Changes

DEO has been the topic of a number of research analyst reports. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. The Goldman Sachs Group upgraded shares of Diageo from a "sell" rating to a "neutral" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $129.00.

Get Our Latest Stock Analysis 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.

Further Reading

Institutional Ownership by Quarter for Diageo (NYSE:DEO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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