Transatlantique Private Wealth LLC Takes Position in Diageo plc $DEO

Transatlantique Private Wealth LLC bought a new position in shares of Diageo plc (NYSE:DEO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 85,950 shares of the company’s stock, valued at approximately $8,202,000. Diageo makes up about 2.7% of Transatlantique Private Wealth LLC’s portfolio, making the stock its 4th biggest position.

A number of other large investors have also bought and sold shares of DEO. Brighton Jones LLC bought a new position in shares of Diageo during the 4th quarter worth about $202,000. CWM LLC raised its stake in Diageo by 6.9% during the 2nd quarter. CWM LLC now owns 3,099 shares of the company’s stock worth $312,000 after buying an additional 199 shares during the period. MQS Management LLC raised its stake in Diageo by 20.2% during the 2nd quarter. MQS Management LLC now owns 5,726 shares of the company’s stock worth $577,000 after buying an additional 963 shares during the period. Whipplewood Advisors LLC boosted its holdings in Diageo by 84.0% in the second quarter. Whipplewood Advisors LLC now owns 357 shares of the company’s stock worth $36,000 after acquiring an additional 163 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in Diageo by 0.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 180,923 shares of the company’s stock valued at $18,244,000 after acquiring an additional 1,649 shares during the period. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein set a $124.00 target price on Diageo and gave the stock an “outperform” rating in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Diageo in a research note on Friday, November 28th. Zacks Research lowered shares of Diageo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. UBS Group reiterated a “neutral” rating on shares of Diageo in a report on Wednesday, December 3rd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a report on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $116.50.

Diageo Price Performance

Shares of NYSE:DEO opened at $100.32 on Monday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.64 and a current ratio of 1.63. The stock’s fifty day simple moving average is $91.17 and its two-hundred day simple moving average is $96.02. Diageo plc has a 1-year low of $84.52 and a 1-year high of $116.69.

Diageo Company Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.