Ingalls & Snyder LLC decreased its stake in shares of Diageo plc (NYSE:DEO) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,910 shares of the company’s stock after selling 308 shares during the quarter. Ingalls & Snyder LLC’s holdings in Diageo were worth $1,669,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Morgan Stanley boosted its holdings in shares of Diageo by 1.2% in the 2nd quarter. Morgan Stanley now owns 2,973,816 shares of the company’s stock valued at $512,447,000 after acquiring an additional 34,529 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Diageo by 2.4% during the third quarter. Parametric Portfolio Associates LLC now owns 958,530 shares of the company’s stock worth $156,739,000 after buying an additional 22,770 shares in the last quarter. Stifel Financial Corp boosted its holdings in Diageo by 3.3% during the third quarter. Stifel Financial Corp now owns 352,614 shares of the company’s stock worth $57,533,000 after buying an additional 11,185 shares in the last quarter. FMR LLC boosted its holdings in Diageo by 586.2% during the first quarter. FMR LLC now owns 309,135 shares of the company’s stock worth $50,578,000 after buying an additional 264,083 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Diageo by 29.1% during the third quarter. First Trust Advisors LP now owns 252,774 shares of the company’s stock worth $41,334,000 after buying an additional 57,040 shares in the last quarter. Institutional investors and hedge funds own 9.11% of the company’s stock.
DEO opened at $170.30 on Thursday. The company has a quick ratio of 0.56, a current ratio of 1.34 and a debt-to-equity ratio of 1.06. The company has a market cap of $109.34 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 3.06 and a beta of 0.43. Diageo plc has a 52-week low of $139.55 and a 52-week high of $176.22. The firm’s fifty day simple moving average is $165.53 and its two-hundred day simple moving average is $165.35.
A number of analysts recently issued reports on DEO shares. Morgan Stanley reissued an “overweight” rating on shares of Diageo in a report on Thursday, October 24th. ValuEngine downgraded shares of Diageo from a “hold” rating to a “sell” rating in a report on Friday, January 10th. Royal Bank of Canada raised shares of Diageo from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Finally, Zacks Investment Research raised shares of Diageo from a “sell” rating to a “hold” rating and set a $171.00 price objective on the stock in a report on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $171.00.
Diageo Company Profile
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.
Read More: Are sell-side analysts objective?
Want to see what other hedge funds are holding DEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diageo plc (NYSE:DEO).
Receive News & Ratings for Diageo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo and related companies with MarketBeat.com's FREE daily email newsletter.