Miracle Mile Advisors LLC Acquires 9,366 Shares of Diageo plc (NYSE:DEO)

Miracle Mile Advisors LLC increased its holdings in shares of Diageo plc (NYSE:DEO - Free Report) by 30.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,492 shares of the company's stock after purchasing an additional 9,366 shares during the quarter. Miracle Mile Advisors LLC's holdings in Diageo were worth $4,243,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. CoreFirst Bank & Trust acquired a new stake in shares of Diageo in the fourth quarter valued at approximately $25,000. Orion Capital Management LLC acquired a new stake in shares of Diageo in the fourth quarter valued at approximately $25,000. BNP Paribas acquired a new stake in shares of Diageo in the fourth quarter valued at approximately $32,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Diageo in the fourth quarter valued at approximately $32,000. Finally, Perkins Coie Trust Co acquired a new stake in shares of Diageo in the first quarter valued at approximately $27,000. 8.97% of the stock is owned by institutional investors.

Diageo Price Performance

NYSE:DEO opened at $105.10 on Monday. Diageo plc has a 1-year low of $100.72 and a 1-year high of $142.73. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The firm has a fifty day simple moving average of $110.11 and a 200 day simple moving average of $114.32. The stock has a market capitalization of $58.47 billion, a PE ratio of 15.34, a P/E/G ratio of 2.39 and a beta of 0.58.

Analyst Ratings Changes

A number of research firms have recently issued reports on DEO. Berenberg Bank began coverage on shares of Diageo in a report on Wednesday, April 2nd. They issued a "buy" rating on the stock. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a report on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently 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.

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