Thornburg Investment Management Inc. Buys 16,975 Shares of Diageo plc (NYSE:DEO)

Thornburg Investment Management Inc. grew its holdings in Diageo plc (NYSE:DEO - Free Report) by 57.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,379 shares of the company's stock after purchasing an additional 16,975 shares during the quarter. Thornburg Investment Management Inc.'s holdings in Diageo were worth $4,860,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new stake in Diageo during the fourth quarter worth about $25,000. BNP Paribas acquired a new stake in Diageo during the fourth quarter worth about $32,000. Measured Risk Portfolios Inc. acquired a new stake in Diageo during the fourth quarter worth about $32,000. Perkins Coie Trust Co acquired a new stake in Diageo during the first quarter worth about $27,000. Finally, Barrett & Company Inc. acquired a new stake in Diageo during the first quarter worth about $27,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Price Performance

Shares of NYSE:DEO traded down $0.54 during trading on Friday, reaching $97.41. The stock had a trading volume of 1,740,258 shares, compared to its average volume of 1,083,793. 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 business's 50-day moving average price is $104.54 and its 200 day moving average price is $108.92. Diageo plc has a 52 week low of $97.10 and a 52 week high of $142.73. The stock has a market capitalization of $54.19 billion, a PE ratio of 14.22 and a beta of 0.56.

Analysts Set New Price Targets

Separately, Morgan Stanley reissued an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $129.00.

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.