Golden State Wealth Management LLC Raises Stock Holdings in Diageo plc (NYSE:DEO)

Golden State Wealth Management LLC boosted its position in Diageo plc (NYSE:DEO - Free Report) by 273.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,688 shares of the company's stock after purchasing an additional 2,701 shares during the period. Golden State Wealth Management LLC's holdings in Diageo were worth $386,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. grew its stake in shares of Diageo by 26.9% during the 1st quarter. Bessemer Group Inc. now owns 2,697 shares of the company's stock valued at $283,000 after acquiring an additional 572 shares during the period. Moran Wealth Management LLC grew its stake in shares of Diageo by 5.3% during the 1st quarter. Moran Wealth Management LLC now owns 39,419 shares of the company's stock valued at $4,131,000 after acquiring an additional 1,992 shares during the period. Keudell Morrison Wealth Management grew its stake in shares of Diageo by 24.5% during the 1st quarter. Keudell Morrison Wealth Management now owns 3,878 shares of the company's stock valued at $406,000 after acquiring an additional 762 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of Diageo by 14.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 179,274 shares of the company's stock valued at $18,786,000 after acquiring an additional 22,629 shares during the period. Finally, Live Oak Private Wealth LLC grew its stake in shares of Diageo by 6.7% during the 1st quarter. Live Oak Private Wealth LLC now owns 63,207 shares of the company's stock valued at $6,623,000 after acquiring an additional 3,955 shares during the period. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Price Performance

NYSE DEO traded up $3.01 during trading hours on Tuesday, reaching $103.85. The company's stock had a trading volume of 896,863 shares, compared to its average volume of 968,371. The firm's 50-day moving average price is $108.65 and its 200-day moving average price is $112.11. 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 plc has a 1 year low of $99.26 and a 1 year high of $142.73. The company has a market capitalization of $57.77 billion, a price-to-earnings ratio of 15.16 and a beta of 0.56.

Analysts Set New Price Targets

DEO has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. Finally, Berenberg Bank began coverage on Diageo in a report on Wednesday, April 2nd. They issued a "buy" rating on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $129.00.

Diageo 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.