Wealth Enhancement Advisory Services LLC Acquires 19,327 Shares of Diageo plc (NYSE:DEO)

Wealth Enhancement Advisory Services LLC lifted its position in Diageo plc (NYSE:DEO - Free Report) by 16.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,252 shares of the company's stock after acquiring an additional 19,327 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Diageo were worth $14,488,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. GeoWealth Management LLC grew its stake in Diageo by 1.3% in the fourth quarter. GeoWealth Management LLC now owns 6,944 shares of the company's stock valued at $883,000 after purchasing an additional 92 shares during the last quarter. Aptus Capital Advisors LLC grew its stake in Diageo by 5.4% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,867 shares of the company's stock valued at $237,000 after acquiring an additional 95 shares during the period. Malaga Cove Capital LLC grew its stake in Diageo by 3.3% in the 4th quarter. Malaga Cove Capital LLC now owns 3,101 shares of the company's stock valued at $394,000 after acquiring an additional 100 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Diageo by 2.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,735 shares of the company's stock valued at $475,000 after purchasing an additional 103 shares in the last quarter. Finally, Lake Street Advisors Group LLC lifted its holdings in Diageo by 1.7% in the 4th quarter. Lake Street Advisors Group LLC now owns 6,594 shares of the company's stock valued at $838,000 after purchasing an additional 109 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on DEO shares. Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. Finally, Berenberg Bank initiated coverage on Diageo in a research report on Wednesday, April 2nd. They set a "buy" rating for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Diageo presently has a consensus rating of "Hold" and an average target price of $129.00.

Diageo Stock Performance

Shares of DEO opened at $100.72 on Monday. The stock has a 50 day moving average price of $109.86 and a 200 day moving average price of $113.26. 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 company has a market capitalization of $56.03 billion, a price-to-earnings ratio of 14.70 and a beta of 0.58. Diageo plc has a 52-week low of $100.66 and a 52-week high of $142.73.

About Diageo

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.

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