XTX Topco Ltd Buys Shares of 4,066 Diageo plc (NYSE:DEO)

Key Points

• XTX Topco Ltd invested approximately $426,000 in shares of Diageo plc, acquiring 4,066 shares in the first quarter of the year.
• Other institutional investors such as Brighton Jones LLC and Russell Investments Group Ltd. have also increased their positions in Diageo during the last quarter, reflecting growing interest in the company.
• Diageo has received varied analyst ratings, with Goldman Sachs upgrading the stock to a "neutral" rating while Morgan Stanley maintains an "underweight" rating; the consensus target price for Diageo shares is $129.00.

XTX Topco Ltd purchased a new stake in Diageo plc (NYSE:DEO - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,066 shares of the company's stock, valued at approximately $426,000.

Other large investors have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new stake in Diageo in the fourth quarter valued at $25,000. BNP Paribas bought a new stake in Diageo in the fourth quarter valued at $32,000. Measured Risk Portfolios Inc. bought a new position in shares of Diageo in the 4th quarter worth approximately $32,000. Perkins Coie Trust Co bought a new position in shares of Diageo in the 1st quarter worth approximately $27,000. Finally, Barrett & Company Inc. bought a new position in shares of Diageo in the 1st quarter worth approximately $27,000. Institutional investors own 8.97% of the company's stock.

Diageo Stock Up 0.4%

DEO stock traded up $0.39 on Friday, reaching $109.39. 1,049,914 shares of the company traded hands, compared to its average volume of 1,610,333. Diageo plc has a one year low of $96.45 and a one year high of $142.73. 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 company has a market cap of $60.86 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 3.31 and a beta of 0.53. The firm has a fifty day simple moving average of $103.91 and a 200-day simple moving average of $108.22.

Wall Street Analysts Forecast Growth

DEO has been the subject of several research reports. The Goldman Sachs Group raised Diageo from a "sell" rating to a "neutral" rating in a research report on Thursday. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. One research 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's stock. According to data from MarketBeat.com, Diageo presently has an average rating of "Hold" and an average 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.