Envestnet Asset Management Inc. Raises Stock Position in Diageo plc (NYSE:DEO)

Envestnet Asset Management Inc. boosted its holdings in Diageo plc (NYSE:DEO - Free Report) by 3.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,441,300 shares of the company's stock after buying an additional 42,740 shares during the period. Envestnet Asset Management Inc. owned 0.26% of Diageo worth $151,034,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of DEO. Brighton Jones LLC bought a new position in shares of Diageo during the 4th quarter valued at about $202,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Diageo by 11.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company's stock valued at $4,795,000 after acquiring an additional 3,964 shares during the last quarter. King Luther Capital Management Corp bought a new position in shares of Diageo in the 4th quarter valued at about $206,000. Wealthfront Advisers LLC bought a new position in shares of Diageo in the 4th quarter valued at about $276,000. Finally, Moors & Cabot Inc. lifted its holdings in shares of 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 during the last quarter. Hedge funds and other institutional investors own 8.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DEO shares. Berenberg Bank started coverage on shares of 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 research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $129.00.

Diageo Trading Down 2.1%

NYSE DEO traded down $2.21 during trading on Friday, hitting $103.28. The stock had a trading volume of 758,163 shares, compared to its average volume of 1,037,102. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The stock has a market capitalization of $57.46 billion, a price-to-earnings ratio of 15.08 and a beta of 0.56. Diageo plc has a one year low of $99.26 and a one year high of $142.73. The stock has a 50 day simple moving average of $107.71 and a 200 day simple moving average of $111.12.

Diageo Company 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.