Headlands Technologies LLC Acquires 20,205 Shares of Diageo plc (NYSE:DEO)

Key Points

• Headlands Technologies LLC increased its stake in Diageo plc by 2,298.6% during the 1st quarter, acquiring an additional 20,205 shares and bringing its total holdings to 21,084 shares valued at approximately $2.2 million.
• Other institutional investors have also raised their positions in Diageo, with Kovitz Investment Group Partners LLC increasing their holdings by 234.4%, now owning over 2.6 million shares valued at $330.6 million.
• Diageo shares currently carry a consensus rating of "Hold" from analysts, with an average price target of $129.00.

Headlands Technologies LLC raised its holdings in shares of Diageo plc (NYSE:DEO - Free Report) by 2,298.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 21,084 shares of the company's stock after acquiring an additional 20,205 shares during the period. Headlands Technologies LLC's holdings in Diageo were worth $2,209,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DEO. Kovitz Investment Group Partners LLC raised its position in shares of Diageo by 234.4% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,600,702 shares of the company's stock valued at $330,627,000 after acquiring an additional 1,822,994 shares during the last quarter. Northern Trust Corp raised its position in shares of Diageo by 39.9% during the 4th quarter. Northern Trust Corp now owns 649,769 shares of the company's stock valued at $82,605,000 after acquiring an additional 185,282 shares during the last quarter. Crestwood Advisors Group LLC bought a new stake in shares of Diageo during the 1st quarter valued at $16,944,000. GAMMA Investing LLC grew its holdings in shares of Diageo by 4,656.6% in the 1st quarter. GAMMA Investing LLC now owns 154,305 shares of the company's stock valued at $16,170,000 after buying an additional 151,061 shares during the period. Finally, Clark Estates Inc. NY increased its position in shares of Diageo by 116.4% in the 1st quarter. Clark Estates Inc. NY now owns 185,000 shares of the company's stock valued at $19,386,000 after buying an additional 99,500 shares in the last quarter. Institutional investors own 8.97% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley restated an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $129.00.

Diageo Price Performance

DEO opened at $107.13 on Thursday. The stock has a market cap of $59.60 billion, a P/E ratio of 15.64 and a beta of 0.53. 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 12 month low of $96.45 and a 12 month high of $142.73. The company has a fifty day simple moving average of $103.91 and a 200 day simple moving average of $108.50.

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.

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