Federated Hermes Inc. reduced its position in shares of Diageo plc (NYSE:DEO - Free Report) by 11.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 631,473 shares of the company's stock after selling 79,674 shares during the quarter. Federated Hermes Inc. owned about 0.11% of Diageo worth $66,172,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new position in shares of Diageo in the 4th quarter valued at $25,000. BNP Paribas purchased a new position in shares of Diageo in the 4th quarter valued at $32,000. Measured Risk Portfolios Inc. purchased a new position in shares of Diageo in the 4th quarter valued at $32,000. Perkins Coie Trust Co purchased a new position in shares of Diageo in the 1st quarter valued at $27,000. Finally, Barrett & Company Inc. purchased a new position in shares of Diageo in the 1st quarter valued at $27,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
DEO has been the topic of a number of analyst reports. Berenberg Bank initiated coverage on Diageo in a report on Wednesday, April 2nd. They issued a "buy" rating on the stock. Morgan Stanley restated an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Diageo has a consensus rating of "Hold" and a consensus price target of $129.00.
Get Our Latest Report on Diageo
Diageo Stock Down 1.4%
DEO stock traded down $1.42 on Wednesday, hitting $102.90. 1,168,450 shares of the company's stock were exchanged, compared to its average volume of 1,128,085. Diageo plc has a 12-month low of $99.26 and a 12-month high of $142.73. The firm has a 50 day moving average price of $104.80 and a two-hundred day moving average price of $109.05. 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 cap of $57.25 billion, a P/E ratio of 15.02 and a beta of 0.56.
About Diageo
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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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