Vontobel Holding Ltd. purchased a new position in shares of Diageo plc (NYSE:DEO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,000 shares of the company's stock, valued at approximately $734,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in Diageo in the fourth quarter valued at about $202,000. Charles Schwab Investment Management Inc. raised its stake in shares of Diageo by 11.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company's stock worth $4,795,000 after buying an additional 3,964 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Diageo in the fourth quarter valued at approximately $123,892,000. Callan Family Office LLC acquired a new position in Diageo during the fourth quarter worth $426,000. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in Diageo in the fourth quarter worth $617,000. Institutional investors and hedge funds own 8.97% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently commented on DEO shares. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. Berenberg Bank began coverage on Diageo in a research note on Wednesday, April 2nd. They issued a "buy" rating for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $129.00.
Read Our Latest Report on Diageo
Diageo Trading Up 0.6%
DEO traded up $0.68 on Thursday, reaching $105.42. 883,012 shares of the company's stock were exchanged, compared to its average volume of 973,029. Diageo plc has a twelve month low of $99.26 and a twelve month high of $142.73. The company's 50 day moving average is $107.84 and its 200-day moving average is $111.26. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The company has a market cap of $58.65 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56.
Diageo Profile
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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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