Eldred Rock Partners LLC increased its position in shares of Diageo plc (NYSE:DEO - Free Report) by 33.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 73,077 shares of the company's stock after acquiring an additional 18,209 shares during the quarter. Diageo makes up approximately 2.4% of Eldred Rock Partners LLC's holdings, making the stock its 27th biggest holding. Eldred Rock Partners LLC's holdings in Diageo were worth $7,669,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. CoreFirst Bank & Trust acquired a new position in shares of Diageo in the 4th quarter valued at $25,000. Orion Capital Management LLC acquired a new position in shares of Diageo in the 4th quarter valued at $25,000. BNP Paribas acquired a new position in shares of Diageo in the 4th quarter valued at $32,000. Measured Risk Portfolios Inc. acquired a new position in shares of Diageo in the 4th quarter valued at $32,000. Finally, Kestra Investment Management LLC acquired a new position in shares of Diageo in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 8.97% of the company's stock.
Analyst Ratings Changes
DEO has been the topic of a number of research analyst reports. Berenberg Bank initiated coverage on shares of Diageo in a report on Wednesday, April 2nd. They issued a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Morgan Stanley reissued an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $129.00.
View Our Latest Analysis on DEO
Diageo Trading Down 4.4%
Shares of Diageo stock traded down $4.86 during trading hours on Thursday, hitting $105.96. The company's stock had a trading volume of 570,731 shares, compared to its average volume of 947,004. Diageo plc has a 1-year low of $100.72 and a 1-year high of $142.73. The business has a fifty day moving average of $110.09 and a 200 day moving average of $114.57. The company has a market capitalization of $58.95 billion, a PE ratio of 15.47, a P/E/G ratio of 2.39 and a beta of 0.58. 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 Profile
(
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.
Recommended Stories
Before you consider Diageo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Diageo wasn't on the list.
While Diageo currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
