Quadcap Wealth Management LLC Has $730,000 Stake in Diageo plc (NYSE:DEO)

Quadcap Wealth Management LLC lifted its stake in Diageo plc (NYSE:DEO - Free Report) by 63.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,740 shares of the company's stock after buying an additional 2,223 shares during the period. Quadcap Wealth Management LLC's holdings in Diageo were worth $730,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in DEO. CoreFirst Bank & Trust bought a new stake in shares of Diageo in the fourth quarter valued at approximately $25,000. Eastern Bank lifted its stake in Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company's stock worth $31,000 after purchasing an additional 125 shares during the last quarter. BNP Paribas bought a new stake in Diageo during the fourth quarter worth $32,000. Measured Risk Portfolios Inc. bought a new stake in Diageo during the fourth quarter worth $32,000. Finally, Kestra Investment Management LLC bought a new stake in Diageo during the fourth quarter worth $36,000. 8.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on DEO. Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Morgan Stanley restated an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. Finally, Berenberg Bank started coverage on Diageo in a research note on Wednesday, April 2nd. They set a "buy" rating for the company. Two equities research 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, Diageo presently has an average rating of "Hold" and a consensus target price of $129.00.

Diageo Trading Down 0.7%

NYSE DEO traded down $0.85 on Monday, reaching $114.20. The company had a trading volume of 750,914 shares, compared to its average volume of 941,106. The firm has a market cap of $63.53 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 2.39 and a beta of 0.60. Diageo plc has a fifty-two week low of $100.72 and a fifty-two week high of $142.73. The business has a 50 day moving average of $109.20 and a two-hundred day moving average of $115.45. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67.

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.