Procyon Advisors LLC grew its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 50.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,823 shares of the company's stock after purchasing an additional 7,699 shares during the period. Procyon Advisors LLC's holdings in Diageo were worth $2,392,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its stake in Diageo by 10.9% during the 4th quarter. FMR LLC now owns 5,813,938 shares of the company's stock worth $739,126,000 after buying an additional 571,873 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in shares of Diageo by 234.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,600,702 shares of the company's stock valued at $330,627,000 after acquiring an additional 1,822,994 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Diageo by 0.3% during the fourth quarter. Royal Bank of Canada now owns 1,540,800 shares of the company's stock valued at $195,883,000 after acquiring an additional 3,876 shares in the last quarter. Bank of Montreal Can raised its position in shares of Diageo by 1,181.5% during the fourth quarter. Bank of Montreal Can now owns 1,406,004 shares of the company's stock worth $178,745,000 after purchasing an additional 1,296,285 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Diageo by 9.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,220,534 shares of the company's stock worth $155,167,000 after purchasing an additional 103,540 shares in the last quarter. Institutional investors own 8.97% of the company's stock.
Diageo Price Performance
Shares of NYSE:DEO opened at $105.10 on Friday. Diageo plc has a 1-year low of $100.72 and a 1-year high of $142.73. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The stock has a market cap of $58.47 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 2.39 and a beta of 0.58. The stock's fifty day simple moving average is $110.11 and its two-hundred day simple moving average is $114.38.
Analyst Upgrades and Downgrades
DEO has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a research note 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 began coverage on shares of Diageo in a report on Wednesday, April 2nd. They issued a "buy" rating on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $129.00.
Check Out Our Latest Analysis on Diageo
About Diageo
(
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.
Further Reading
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