Transmarket Holdings LP Has $3.21 Million Position in Diageo plc $DEO

Transmarket Holdings LP lessened its holdings in Diageo plc (NYSE:DEO) by 64.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,057 shares of the company’s stock after selling 79,134 shares during the quarter. Diageo accounts for approximately 1.7% of Transmarket Holdings LP’s holdings, making the stock its 13th biggest holding. Transmarket Holdings LP’s holdings in Diageo were worth $3,206,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can boosted its position in shares of Diageo by 428.7% during the 4th quarter. Bank of Montreal Can now owns 2,173,047 shares of the company’s stock valued at $187,469,000 after acquiring an additional 1,762,027 shares in the last quarter. Morgan Stanley raised its position in Diageo by 32.4% in the fourth quarter. Morgan Stanley now owns 1,947,245 shares of the company’s stock worth $167,989,000 after purchasing an additional 476,979 shares in the last quarter. Orbis Allan Gray Ltd lifted its stake in Diageo by 12.4% during the fourth quarter. Orbis Allan Gray Ltd now owns 1,737,346 shares of the company’s stock worth $149,881,000 after purchasing an additional 191,216 shares during the period. Raymond James Financial Inc. lifted its stake in Diageo by 48.5% during the third quarter. Raymond James Financial Inc. now owns 1,701,878 shares of the company’s stock worth $162,410,000 after purchasing an additional 555,509 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Diageo by 53.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,372,808 shares of the company’s stock valued at $102,124,000 after purchasing an additional 477,999 shares in the last quarter. 8.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DEO. Deutsche Bank Aktiengesellschaft raised Diageo from a “hold” rating to a “buy” rating in a report on Tuesday, March 31st. TD Cowen upgraded Diageo from a “hold” rating to a “buy” rating and upped their price target for the company from $88.00 to $93.00 in a research report on Thursday, June 25th. BNP Paribas Exane upgraded Diageo from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 25th. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a report on Friday. Finally, Loop Capital set a $99.00 price objective on Diageo in a report on Thursday, June 18th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $106.25.

Diageo Trading Down 1.5%

Diageo stock opened at $83.60 on Wednesday. The business’s fifty day moving average is $82.09 and its two-hundred day moving average is $83.93. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.71. Diageo plc has a 52 week low of $72.45 and a 52 week high of $116.41.

Diageo 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.