Diageo plc $DEO Shares Purchased by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. grew its holdings in shares of Diageo plc (NYSE:DEO) by 26.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 51,092 shares of the company’s stock after acquiring an additional 10,718 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Diageo were worth $4,876,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DEO. Equity Investment Corp acquired a new stake in shares of Diageo in the 3rd quarter worth approximately $92,970,000. Federated Hermes Inc. raised its holdings in Diageo by 7.2% during the third quarter. Federated Hermes Inc. now owns 726,578 shares of the company’s stock worth $69,337,000 after purchasing an additional 48,909 shares in the last quarter. Savant Capital LLC acquired a new stake in Diageo in the second quarter worth approximately $310,000. Osaic Holdings Inc. boosted its stake in Diageo by 42.2% during the 2nd quarter. Osaic Holdings Inc. now owns 99,998 shares of the company’s stock valued at $10,099,000 after purchasing an additional 29,674 shares in the last quarter. Finally, Confluence Investment Management LLC increased its position in shares of Diageo by 0.9% during the 3rd quarter. Confluence Investment Management LLC now owns 1,363,504 shares of the company’s stock valued at $130,119,000 after purchasing an additional 12,678 shares during the period. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Down 0.7%

Shares of DEO opened at $85.52 on Friday. The company has a 50-day moving average of $91.51 and a two-hundred day moving average of $95.76. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 1.64. Diageo plc has a one year low of $84.52 and a one year high of $116.69.

Wall Street Analyst Weigh In

DEO has been the subject of several research reports. Zacks Research cut Diageo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Diageo in a research report on Friday, November 28th. UBS Group reiterated a “neutral” rating on shares of Diageo in a report on Wednesday, December 3rd. Sanford C. Bernstein set a $124.00 target price on shares of Diageo and gave the stock an “outperform” rating in a report on Monday, December 29th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $116.50.

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.