Diageo plc (NYSE:DEO) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its position in shares of Diageo plc (NYSE:DEO - Free Report) by 14.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 179,274 shares of the company's stock after acquiring an additional 22,629 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Diageo were worth $18,786,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. CoreFirst Bank & Trust acquired a new position in Diageo in the 4th quarter valued at about $25,000. Orion Capital Management LLC purchased a new stake in shares of Diageo during the 4th quarter valued at approximately $25,000. BNP Paribas purchased a new stake in shares of Diageo during the 4th quarter valued at approximately $32,000. Measured Risk Portfolios Inc. acquired a new position in Diageo in the fourth quarter valued at approximately $32,000. Finally, Perkins Coie Trust Co purchased a new position in Diageo in the first quarter worth approximately $27,000. Hedge funds and other institutional investors own 8.97% of the company's stock.

Diageo Trading Up 0.7%

NYSE:DEO traded up $0.73 during trading hours on Thursday, reaching $100.59. 722,717 shares of the stock were exchanged, compared to its average volume of 966,184. Diageo plc has a twelve month low of $99.26 and a twelve month high of $142.73. The business has a 50-day moving average of $109.18 and a two-hundred day moving average of $112.76. The company has a market capitalization of $55.96 billion, a price-to-earnings ratio of 14.68 and a beta of 0.58. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DEO shares. Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. Finally, Berenberg Bank initiated coverage on shares of Diageo in a research report on Wednesday, April 2nd. They issued a "buy" rating on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $129.00.

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.