World Investment Advisors raised its holdings in Diageo plc (NYSE:DEO - Free Report) by 13.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,214 shares of the company's stock after buying an additional 5,259 shares during the period. World Investment Advisors' holdings in Diageo were worth $4,738,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DEO. Brighton Jones LLC acquired a new stake in shares of Diageo in the 4th quarter valued at $202,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Diageo by 11.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company's stock valued at $4,795,000 after purchasing an additional 3,964 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Diageo by 393.7% in the 4th quarter. Assetmark Inc. now owns 70,281 shares of the company's stock valued at $8,935,000 after purchasing an additional 56,046 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Diageo by 3.2% in the 4th quarter. M&T Bank Corp now owns 31,423 shares of the company's stock valued at $3,995,000 after purchasing an additional 986 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Diageo in the 4th quarter valued at $123,892,000. Hedge funds and other institutional investors own 8.97% of the company's stock.
Diageo Price Performance
DEO traded down $0.71 during midday trading on Wednesday, reaching $104.48. 1,021,742 shares of the company's stock were exchanged, compared to its average volume of 973,777. 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 stock has a market capitalization of $58.12 billion, a PE ratio of 15.25 and a beta of 0.56. The business's 50-day moving average price is $107.98 and its 200 day moving average price is $111.31. Diageo plc has a 1-year low of $99.26 and a 1-year high of $142.73.
Wall Street Analysts Forecast Growth
DEO has been the topic of several research analyst reports. Berenberg Bank initiated coverage on shares of Diageo in a research note on Wednesday, April 2nd. They set a "buy" rating on the stock. Morgan Stanley restated an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. Two 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 a consensus rating of "Hold" and an average target price of $129.00.
Check Out Our Latest Research Report on Diageo
Diageo 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.
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