MQS Management LLC bought a new position in shares of Diageo plc (NYSE:DEO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,763 shares of the company's stock, valued at approximately $499,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. CoreFirst Bank & Trust bought a new stake in shares of Diageo during the 4th quarter valued at about $25,000. Orion Capital Management LLC acquired a new position in Diageo in the fourth quarter valued at approximately $25,000. Perkins Coie Trust Co bought a new position in shares of Diageo during the 1st quarter worth approximately $27,000. Barrett & Company Inc. acquired a new stake in shares of Diageo during the 1st quarter worth approximately $27,000. Finally, Abound Financial LLC bought a new stake in shares of Diageo in the 1st quarter valued at $27,000. Institutional investors and hedge funds own 8.97% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on DEO shares. Morgan Stanley restated an "underweight" rating on shares of Diageo in a report on Monday, May 12th. Berenberg Bank initiated coverage on Diageo in a research note on Wednesday, April 2nd. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $129.00.
Check Out Our Latest Analysis on DEO
Diageo Price Performance
Shares of DEO opened at $103.51 on Monday. The business's fifty day moving average is $107.52 and its 200 day moving average is $110.74. Diageo plc has a 12-month low of $99.26 and a 12-month high of $142.73. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The stock has a market cap of $57.58 billion, a P/E ratio of 15.11 and a beta of 0.56.
Diageo Company Profile
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Free Report)
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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