Vontobel Holding Ltd. Purchases New Position in Diageo plc (NYSE:DEO)

Vontobel Holding Ltd. purchased a new position in Diageo plc (NYSE:DEO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,000 shares of the company's stock, valued at approximately $734,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CoreFirst Bank & Trust bought a new position in shares of Diageo during the 4th quarter valued at approximately $25,000. Orion Capital Management LLC bought a new position in shares of Diageo in the 4th quarter valued at about $25,000. Perkins Coie Trust Co bought a new position in shares of Diageo in the 1st quarter valued at about $27,000. Barrett & Company Inc. bought a new stake in Diageo in the first quarter worth $27,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Diageo during the 1st quarter worth approximately $30,000. Institutional investors own 8.97% of the company's stock.

Diageo Stock Performance

Shares of Diageo stock traded down $1.06 during trading on Wednesday, hitting $104.14. 717,954 shares of the company's stock were exchanged, compared to its average volume of 971,941. The business has a 50-day simple moving average of $107.98 and a 200-day simple moving average of $111.31. The stock has a market capitalization of $57.93 billion, a price-to-earnings ratio of 15.20 and a beta of 0.56. Diageo plc has a 52-week low of $99.26 and a 52-week high of $142.73. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Morgan Stanley reaffirmed an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. Berenberg Bank assumed coverage on Diageo in a report on Wednesday, April 2nd. They set a "buy" rating for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to MarketBeat, Diageo currently 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.