XTX Topco Ltd Invests $426,000 in 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 bought a new stake in shares of Diageo plc (NYSE:DEO - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,066 shares of the company's stock, valued at approximately $426,000.

Other large investors have also recently made changes to their positions in the company. TCTC Holdings LLC grew its position in Diageo by 34.0% in the 1st quarter. TCTC Holdings LLC now owns 42,138 shares of the company's stock valued at $4,416,000 after acquiring an additional 10,703 shares during the last quarter. Pinnacle West Asset Management Inc. grew its position in Diageo by 3.2% in the 1st quarter. Pinnacle West Asset Management Inc. now owns 3,240 shares of the company's stock valued at $340,000 after acquiring an additional 100 shares during the last quarter. Inlet Private Wealth LLC grew its position in Diageo by 5.4% in the 1st quarter. Inlet Private Wealth LLC now owns 2,941 shares of the company's stock valued at $308,000 after acquiring an additional 150 shares during the last quarter. LPL Financial LLC grew its position in Diageo by 2.2% in the 1st quarter. LPL Financial LLC now owns 434,735 shares of the company's stock valued at $45,556,000 after acquiring an additional 9,306 shares during the last quarter. Finally, Accretive Wealth Partners LLC grew its position in Diageo by 20.1% in the 1st quarter. Accretive Wealth Partners LLC now owns 9,445 shares of the company's stock valued at $1,083,000 after acquiring an additional 1,580 shares during the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Stock Performance

Shares of NYSE DEO traded down $0.54 during trading hours on Wednesday, reaching $110.91. The stock had a trading volume of 687,729 shares, compared to its average volume of 1,114,431. Diageo plc has a fifty-two week low of $96.45 and a fifty-two week high of $142.73. The firm has a 50-day moving average of $104.04 and a 200-day moving average of $108.15. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The firm has a market cap of $61.70 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 3.36 and a beta of 0.53.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group raised Diageo from a "sell" rating to a "neutral" rating in a report on Thursday, August 7th. Morgan Stanley restated 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, three have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $129.00.

Diageo Company 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.