Cantor Fitzgerald L. P. Takes Position in Diageo plc $DEO

Cantor Fitzgerald L. P. purchased a new position in shares of Diageo plc (NYSE:DEO) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 34,872 shares of the company’s stock, valued at approximately $3,328,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Twin Peaks Wealth Advisors LLC bought a new position in Diageo during the 2nd quarter valued at $26,000. Arlington Trust Co LLC grew its holdings in Diageo by 3,885.7% during the 3rd quarter. Arlington Trust Co LLC now owns 279 shares of the company’s stock worth $27,000 after acquiring an additional 272 shares in the last quarter. Bell Investment Advisors Inc increased its position in shares of Diageo by 94.7% in the 2nd quarter. Bell Investment Advisors Inc now owns 292 shares of the company’s stock worth $29,000 after purchasing an additional 142 shares during the last quarter. New England Capital Financial Advisors LLC bought a new stake in shares of Diageo in the 3rd quarter worth about $29,000. Finally, Texas Capital Bancshares Inc TX acquired a new stake in shares of Diageo in the 3rd quarter valued at about $32,000. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

NYSE DEO opened at $77.37 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.60 and a debt-to-equity ratio of 1.53. Diageo plc has a one year low of $75.77 and a one year high of $116.69. The company has a 50-day simple moving average of $90.56 and a 200-day simple moving average of $93.31.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DEO. HSBC cut shares of Diageo from a “buy” rating to a “hold” rating in a research report on Monday, March 2nd. Barclays restated an “overweight” rating on shares of Diageo in a research note on Thursday, December 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Diageo in a report on Friday, November 28th. UBS Group reiterated a “neutral” rating on shares of Diageo in a research report on Wednesday, December 3rd. Finally, Royal Bank Of Canada upgraded Diageo from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 6th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $116.50.

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.