Diageo (DEO) Shares Bought by RMB Capital Management LLC

RMB Capital Management LLC raised its stake in Diageo (NYSE:DEO) by 10.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,819 shares of the company’s stock after purchasing an additional 6,910 shares during the period. RMB Capital Management LLC’s holdings in Diageo were worth $9,725,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Carillon Tower Advisers Inc. bought a new stake in Diageo in the first quarter valued at $15,105,000. Azimuth Capital Management LLC increased its stake in Diageo by 3.0% in the first quarter. Azimuth Capital Management LLC now owns 34,443 shares of the company’s stock valued at $4,664,000 after purchasing an additional 1,013 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in Diageo by 249.9% in the first quarter. Loomis Sayles & Co. L P now owns 1,221 shares of the company’s stock valued at $165,000 after purchasing an additional 872 shares in the last quarter. Mutual Advisors LLC increased its stake in Diageo by 61.1% in the first quarter. Mutual Advisors LLC now owns 5,073 shares of the company’s stock valued at $687,000 after purchasing an additional 1,924 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Diageo by 1.6% in the first quarter. Jones Financial Companies Lllp now owns 39,697 shares of the company’s stock valued at $5,376,000 after purchasing an additional 640 shares in the last quarter. 11.67% of the stock is owned by hedge funds and other institutional investors.

Several research firms have weighed in on DEO. Zacks Investment Research cut shares of Diageo from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. ValuEngine cut shares of Diageo from a “buy” rating to a “hold” rating in a report on Monday, May 7th. Macquarie upgraded shares of Diageo from an “underperform” rating to a “neutral” rating in a report on Wednesday, February 7th. Natixis cut shares of Diageo from a “buy” rating to a “neutral” rating in a report on Wednesday, March 7th. Finally, Citigroup upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a report on Friday, May 4th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Diageo currently has a consensus rating of “Buy” and a consensus target price of $153.00.

Diageo stock opened at $146.60 on Thursday. Diageo has a fifty-two week low of $117.73 and a fifty-two week high of $148.75. The stock has a market cap of $91.48 billion, a P/E ratio of 26.56, a PEG ratio of 3.24 and a beta of 0.72. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.63 and a current ratio of 1.31.

Diageo Company Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray, and Guinness.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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