Charles Schwab Investment Management Inc. Raises Stock Position in Diageo plc (NYSE:DEO)

Charles Schwab Investment Management Inc. grew its position in Diageo plc (NYSE:DEO - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,161,648 shares of the company's stock after acquiring an additional 137,397 shares during the period. Charles Schwab Investment Management Inc. owned about 0.39% of Diageo worth $301,886,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Planned Solutions Inc. acquired a new position in Diageo during the fourth quarter worth approximately $27,000. Addison Advisors LLC raised its stake in Diageo by 97.3% in the 4th quarter. Addison Advisors LLC now owns 217 shares of the company's stock valued at $32,000 after acquiring an additional 107 shares during the period. Criterion Capital Advisors LLC acquired a new stake in Diageo during the 4th quarter valued at $36,000. First Command Advisory Services Inc. bought a new position in Diageo during the third quarter worth $48,000. Finally, Carmel Capital Partners LLC acquired a new position in shares of Diageo in the third quarter valued at $49,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, BNP Paribas downgraded shares of Diageo from a "neutral" rating to an "underperform" rating in a report on Friday, January 12th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $3,797.50.

Diageo Price Performance

NYSE:DEO traded up $1.92 during mid-day trading on Wednesday, reaching $140.96. 729,576 shares of the company's stock were exchanged, compared to its average volume of 791,218. Diageo plc has a one year low of $135.63 and a one year high of $186.37. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.58 and a quick ratio of 0.65. The business's fifty day simple moving average is $144.39 and its two-hundred day simple moving average is $145.31.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.