Great Hill Capital LLC Boosts Stake in Diageo plc $DEO

Great Hill Capital LLC lifted its position in Diageo plc (NYSE:DEO) by 32.6% in the 1st quarter, Holdings Channel reports. The fund owned 92,092 shares of the company’s stock after acquiring an additional 22,632 shares during the quarter. Diageo accounts for 0.4% of Great Hill Capital LLC’s holdings, making the stock its 17th biggest holding. Great Hill Capital LLC’s holdings in Diageo were worth $6,856,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in Diageo in the fourth quarter worth $202,000. Russell Investments Group Ltd. lifted its position in Diageo by 17.0% during the second quarter. Russell Investments Group Ltd. now owns 3,952 shares of the company’s stock valued at $399,000 after buying an additional 574 shares during the period. Invesco Ltd. boosted its holdings in shares of Diageo by 5.3% during the 2nd quarter. Invesco Ltd. now owns 212,004 shares of the company’s stock valued at $21,379,000 after buying an additional 10,653 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Diageo by 87.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,234 shares of the company’s stock valued at $124,000 after buying an additional 575 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of Diageo in the 2nd quarter worth about $444,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

NYSE:DEO opened at $84.62 on Tuesday. The company’s 50 day moving average price is $81.66 and its 200-day moving average price is $84.31. Diageo plc has a 52 week low of $72.45 and a 52 week high of $116.41. The company has a current ratio of 1.60, a quick ratio of 0.71 and a debt-to-equity ratio of 1.53.

Wall Street Analysts Forecast Growth

DEO has been the subject of several research reports. Zacks Research upgraded shares of Diageo from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a report on Monday, April 20th. Argus raised Diageo to a “hold” rating in a research report on Tuesday, March 10th. Finally, BNP Paribas Exane raised Diageo from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 25th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $106.25.

About Diageo

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.