JARISLOWSKY FRASER Ltd Buys 3,919 Shares of Diageo plc (NYSE:DEO)

JARISLOWSKY FRASER Ltd boosted its holdings in shares of Diageo plc (NYSE:DEO - Free Report) by 0.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 623,534 shares of the company's stock after acquiring an additional 3,919 shares during the period. JARISLOWSKY FRASER Ltd owned 0.11% of Diageo worth $79,270,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. CoreFirst Bank & Trust acquired a new stake in Diageo during the 4th quarter worth $25,000. Eastern Bank grew its holdings in Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company's stock worth $31,000 after acquiring an additional 125 shares during the period. BNP Paribas acquired a new stake in Diageo during the 4th quarter worth $32,000. Kestra Investment Management LLC acquired a new stake in Diageo during the 4th quarter worth $36,000. Finally, Heck Capital Advisors LLC acquired a new stake in Diageo during the 4th quarter worth $47,000. Institutional investors and hedge funds own 8.97% of the company's stock.

Analyst Upgrades and Downgrades

DEO has been the subject of several research analyst reports. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a report on Monday. Berenberg Bank initiated coverage on shares of Diageo in a report on Wednesday, April 2nd. They issued a "buy" rating for the company. Finally, Deutsche Bank Aktiengesellschaft raised shares of Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Diageo has a consensus rating of "Hold" and a consensus price target of $129.00.

Diageo Stock Up 0.5%

DEO traded up $0.61 during trading on Wednesday, hitting $112.88. The company had a trading volume of 803,872 shares, compared to its average volume of 936,338. The company has a market capitalization of $62.79 billion, a PE ratio of 16.48, a PEG ratio of 2.39 and a beta of 0.60. Diageo plc has a one year low of $100.72 and a one year high of $143.32. The firm's 50-day moving average price is $109.06 and its 200 day moving average price is $115.83. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.

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.