Perennial Advisors LLC Acquires Shares of 11,219 Diageo plc (NYSE:DEO)

Perennial Advisors LLC purchased a new position in shares of Diageo plc (NYSE:DEO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,219 shares of the company's stock, valued at approximately $1,426,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DEO. WCG Wealth Advisors LLC lifted its position in Diageo by 3.4% in the fourth quarter. WCG Wealth Advisors LLC now owns 19,789 shares of the company's stock valued at $2,516,000 after acquiring an additional 642 shares during the last quarter. Sunbelt Securities Inc. increased its position in Diageo by 30.7% during the 4th quarter. Sunbelt Securities Inc. now owns 3,863 shares of the company's stock worth $489,000 after purchasing an additional 908 shares during the period. Vise Technologies Inc. grew its stake in shares of Diageo by 42.7% during the 4th quarter. Vise Technologies Inc. now owns 5,030 shares of the company's stock worth $639,000 after purchasing an additional 1,504 shares during the period. Orion Capital Management LLC acquired a new position in Diageo during the fourth quarter worth $25,000. Finally, Delta Investment Management LLC purchased a new position in shares of Diageo during the 4th quarter worth approximately $250,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Trading Down 0.6%

NYSE DEO traded down $0.67 on Friday, hitting $108.99. The company's stock had a trading volume of 418,122 shares, compared to its average volume of 944,822. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. Diageo plc has a 52-week low of $100.72 and a 52-week high of $142.73. The firm has a market cap of $60.63 billion, a P/E ratio of 15.91, a PEG ratio of 2.39 and a beta of 0.60. The company's 50-day simple moving average is $109.80 and its 200 day simple moving average is $114.86.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DEO. Berenberg Bank started coverage on shares of Diageo in a report on Wednesday, April 2nd. They issued a "buy" rating on the stock. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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.