Diageo plc $DEO Shares Acquired by Gabelli Funds LLC

Gabelli Funds LLC lifted its holdings in Diageo plc (NYSE:DEO) by 7.6% in the third quarter, Holdings Channel reports. The firm owned 560,550 shares of the company’s stock after buying an additional 39,700 shares during the period. Gabelli Funds LLC’s holdings in Diageo were worth $53,493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DEO. Dorsey & Whitney Trust CO LLC raised its holdings in shares of Diageo by 3.0% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 3,287 shares of the company’s stock worth $331,000 after buying an additional 96 shares during the last quarter. Integrated Advisors Network LLC grew its holdings in shares of Diageo by 3.5% during the third quarter. Integrated Advisors Network LLC now owns 3,110 shares of the company’s stock valued at $297,000 after buying an additional 104 shares during the last quarter. Retirement Planning Co of New England Inc. increased its position in shares of Diageo by 2.0% in the 3rd quarter. Retirement Planning Co of New England Inc. now owns 5,684 shares of the company’s stock valued at $542,000 after acquiring an additional 114 shares during the period. Three Bridge Wealth Advisors LLC increased its position in shares of Diageo by 2.0% in the 3rd quarter. Three Bridge Wealth Advisors LLC now owns 6,246 shares of the company’s stock valued at $596,000 after acquiring an additional 124 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in Diageo by 10.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,341 shares of the company’s stock worth $135,000 after acquiring an additional 125 shares during the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on DEO. Zacks Research cut Diageo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Barclays reissued an “overweight” rating on shares of Diageo in a report on Thursday, December 11th. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research note on Wednesday, January 21st. HSBC downgraded Diageo from a “buy” rating to a “hold” rating in a report on Monday, March 2nd. Finally, Sanford C. Bernstein set a $124.00 price target on shares of Diageo and gave the stock an “outperform” rating in a report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $116.50.

Diageo Price Performance

NYSE DEO opened at $81.87 on Friday. Diageo plc has a 1 year low of $80.79 and a 1 year high of $116.69. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60. The company has a fifty day moving average of $91.26 and a 200 day moving average of $94.65.

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.