Optimist Retirement Group LLC Buys 10,920 Shares of Diageo plc (NYSE:DEO)

Optimist Retirement Group LLC increased its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 131.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,239 shares of the company's stock after acquiring an additional 10,920 shares during the period. Optimist Retirement Group LLC's holdings in Diageo were worth $2,016,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kestra Private Wealth Services LLC raised its holdings in Diageo by 2.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 5,345 shares of the company's stock valued at $560,000 after acquiring an additional 110 shares in the last quarter. Auxano Advisors LLC grew its stake in Diageo by 51.9% during the first quarter. Auxano Advisors LLC now owns 5,148 shares of the company's stock worth $539,000 after buying an additional 1,758 shares in the last quarter. Private Advisor Group LLC increased its holdings in Diageo by 6.8% in the 1st quarter. Private Advisor Group LLC now owns 8,267 shares of the company's stock valued at $866,000 after buying an additional 528 shares during the period. Pavion Blue Capital LLC raised its position in shares of Diageo by 1.4% in the 1st quarter. Pavion Blue Capital LLC now owns 26,255 shares of the company's stock valued at $2,751,000 after buying an additional 361 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC lifted its holdings in shares of Diageo by 48.7% during the 1st quarter. Legacy Capital Wealth Partners LLC now owns 3,420 shares of the company's stock worth $358,000 after acquiring an additional 1,120 shares during the period. Institutional investors own 8.97% of the company's stock.

Wall Street Analysts Forecast Growth

DEO has been the subject of a number of recent research reports. Berenberg Bank assumed coverage on Diageo in a report on Wednesday, April 2nd. They issued a "buy" rating for the company. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a report on Monday, May 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $129.00.

Diageo Stock Performance

DEO opened at $103.30 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The firm has a fifty day moving average price of $106.29 and a 200 day moving average price of $110.01. Diageo plc has a 1 year low of $99.26 and a 1 year high of $142.73. The stock has a market cap of $57.47 billion, a P/E ratio of 15.08 and a beta of 0.56.

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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