Virtu Financial LLC purchased a new stake in shares of Diageo plc (NYSE:DEO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 40,702 shares of the company's stock, valued at approximately $4,265,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Orion Capital Management LLC bought a new stake in Diageo in the 4th quarter worth about $25,000. Perkins Coie Trust Co bought a new stake in Diageo in the 1st quarter worth about $27,000. Barrett & Company Inc. bought a new stake in Diageo in the 1st quarter worth about $27,000. Abound Financial LLC bought a new stake in Diageo in the 1st quarter worth about $27,000. Finally, Opal Wealth Advisors LLC bought a new stake in Diageo in the 1st quarter worth about $30,000. 8.97% of the stock is currently owned by institutional investors.
Diageo Stock Up 0.4%
DEO stock opened at $109.39 on Friday. Diageo plc has a twelve month low of $96.45 and a twelve month 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 stock has a market cap of $60.86 billion, a P/E ratio of 15.97, a PEG ratio of 3.31 and a beta of 0.53. The business's 50-day moving average price is $103.91 and its 200-day moving average price is $108.29.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. The Goldman Sachs Group upgraded Diageo from a "sell" rating to a "neutral" rating in a report on Thursday. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $129.00.
Get Our Latest Analysis on DEO
Diageo Company Profile
(
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
Want to see what other hedge funds are holding DEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diageo plc (NYSE:DEO - Free Report).

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