Envestnet Asset Management Inc. Acquires 42,740 Shares of Diageo plc (NYSE:DEO)

Envestnet Asset Management Inc. increased its holdings in shares of Diageo plc (NYSE:DEO - Free Report) by 3.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,441,300 shares of the company's stock after purchasing an additional 42,740 shares during the period. Envestnet Asset Management Inc. owned approximately 0.26% of Diageo worth $151,034,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DEO. Brighton Jones LLC acquired a new position in shares of Diageo during the 4th quarter worth about $202,000. Charles Schwab Investment Management Inc. lifted its position in shares of Diageo by 11.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company's stock worth $4,795,000 after purchasing an additional 3,964 shares during the last quarter. King Luther Capital Management Corp acquired a new position in Diageo in the 4th quarter valued at approximately $206,000. Wealthfront Advisers LLC acquired a new position in Diageo in the 4th quarter valued at approximately $276,000. Finally, Moors & Cabot Inc. raised its holdings in Diageo by 2.3% in the 4th quarter. Moors & Cabot Inc. now owns 15,942 shares of the company's stock valued at $2,027,000 after acquiring an additional 357 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DEO. Berenberg Bank began coverage on Diageo in a report on Wednesday, April 2nd. They issued a "buy" rating for the company. Morgan Stanley reaffirmed an "underweight" rating on shares of Diageo in a report on Monday, May 12th. Two analysts have 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, Diageo currently has an average rating of "Hold" and a consensus target price of $129.00.

Diageo Price Performance

Shares of DEO stock traded down $1.98 during trading hours on Friday, hitting $103.51. The company had a trading volume of 1,198,346 shares, compared to its average volume of 977,470. Diageo plc has a 12 month low of $99.26 and a 12 month high of $142.73. The firm has a market capitalization of $57.58 billion, a price-to-earnings ratio of 15.11 and a beta of 0.56. The firm's fifty day moving average is $107.52 and its 200 day moving average is $110.96. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60.

About Diageo

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.