Diageo plc (NYSE:DEO) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in Diageo plc (NYSE:DEO - Free Report) by 16.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 192,367 shares of the company's stock after buying an additional 26,866 shares during the period. Janney Montgomery Scott LLC's holdings in Diageo were worth $20,158,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DEO. CoreFirst Bank & Trust purchased a new position in Diageo in the 4th quarter valued at about $25,000. Orion Capital Management LLC bought a new position in shares of Diageo during the fourth quarter worth about $25,000. Perkins Coie Trust Co bought a new position in shares of Diageo during the first quarter worth about $27,000. Opal Wealth Advisors LLC bought a new position in shares of Diageo during the first quarter worth about $30,000. Finally, BNP Paribas bought a new position in shares of Diageo during the fourth quarter worth about $32,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on DEO shares. Berenberg Bank started coverage on shares of Diageo in a research report on Wednesday, April 2nd. They set a "buy" rating on the stock. Morgan Stanley reaffirmed an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $129.00.

Diageo Stock Performance

DEO traded down $0.91 on Friday, hitting $100.72. 1,068,755 shares of the company's stock were exchanged, compared to its average volume of 960,663. The firm has a market cap of $56.03 billion, a PE ratio of 14.70 and a beta of 0.58. Diageo plc has a twelve month low of $100.66 and a twelve month high of $142.73. The stock has a fifty day moving average of $109.86 and a two-hundred day moving average of $113.33. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62.

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.