Koss Olinger Consulting LLC Purchases New Shares in Diageo plc (NYSE:DEO)

Key Points

• Koss Olinger Consulting LLC has acquired 8,286 shares in Diageo plc, valued at approximately $868,000, marking a significant new stake in the company.
• Several institutional investors increased their holdings in Diageo during the first quarter, with Carnegie Investment Counsel notably boosting its stake by 2,331%.
• Currently, Diageo has an average stock rating of "Hold" and a consensus price target set at $129.00.

Koss Olinger Consulting LLC purchased a new stake in Diageo plc (NYSE:DEO - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,286 shares of the company's stock, valued at approximately $868,000.

A number of other institutional investors have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its holdings in Diageo by 16.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 138,252 shares of the company's stock worth $14,488,000 after purchasing an additional 19,327 shares during the last quarter. Philip James Wealth Mangement LLC bought a new stake in Diageo during the 1st quarter worth about $1,908,000. Miracle Mile Advisors LLC raised its holdings in Diageo by 30.1% during the 1st quarter. Miracle Mile Advisors LLC now owns 40,492 shares of the company's stock worth $4,243,000 after purchasing an additional 9,366 shares during the last quarter. Carnegie Investment Counsel raised its holdings in Diageo by 2,331.0% during the 1st quarter. Carnegie Investment Counsel now owns 41,036 shares of the company's stock worth $4,178,000 after purchasing an additional 39,348 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new stake in Diageo during the 1st quarter worth about $262,000. 8.97% of the stock is owned by institutional investors.

Diageo Price Performance

Shares of DEO opened at $109.39 on Friday. 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 50 day simple moving average of $103.91 and a 200 day simple moving average of $108.29. Diageo plc has a 52-week low of $96.45 and a 52-week high of $142.73. The firm has a market capitalization of $60.86 billion, a PE ratio of 15.97, a P/E/G ratio of 3.31 and a beta of 0.53.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DEO shares. Morgan Stanley reaffirmed an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. The Goldman Sachs Group raised Diageo from a "sell" rating to a "neutral" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.

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