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

Optimist Retirement Group LLC increased its holdings in Diageo plc (NYSE:DEO - Free Report) by 131.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,239 shares of the company's stock after purchasing an additional 10,920 shares during the quarter. Optimist Retirement Group LLC's holdings in Diageo were worth $2,016,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. CoreFirst Bank & Trust bought a new stake in Diageo during the fourth quarter worth about $25,000. Orion Capital Management LLC purchased a new stake in Diageo during the fourth quarter valued at approximately $25,000. Perkins Coie Trust Co bought a new position in shares of Diageo during the first quarter worth $27,000. Barrett & Company Inc. purchased a new stake in Diageo during the first quarter valued at $27,000. Finally, Abound Financial LLC purchased a new stake in shares of Diageo in the first quarter valued at $27,000. Hedge funds and other institutional investors own 8.97% of the company's stock.

Diageo Stock Performance

DEO stock traded up $0.45 during trading on Wednesday, reaching $105.96. 974,739 shares of the company's stock were exchanged, compared to its average volume of 997,179. The firm has a market cap of $58.95 billion, a PE ratio of 15.48 and a beta of 0.56. Diageo plc has a 1-year low of $99.26 and a 1-year 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 company's fifty day moving average price is $106.29 and its 200-day moving average price is $109.90.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. 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 research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $129.00.

About Diageo

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.