Northwestern Mutual Wealth Management Co. lifted its position in shares of Diageo plc (NYSE:DEO) by 12.8% in the first quarter, Holdings Channel reports. The institutional investor owned 57,870 shares of the company’s stock after acquiring an additional 6,545 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Diageo were worth $7,356,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Great Diamond Partners LLC acquired a new stake in shares of Diageo during the fourth quarter worth $32,000. Verus Capital Partners LLC acquired a new stake in shares of Diageo during the fourth quarter worth $34,000. Wealthcare Advisory Partners LLC lifted its holdings in shares of Diageo by 82.6% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 221 shares of the company’s stock worth $37,000 after buying an additional 100 shares in the last quarter. San Francisco Sentry Investment Group CA lifted its holdings in shares of Diageo by 47.5% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 233 shares of the company’s stock worth $39,000 after buying an additional 75 shares in the last quarter. Finally, TCI Wealth Advisors Inc. lifted its holdings in shares of Diageo by 255.9% during the fourth quarter. TCI Wealth Advisors Inc. now owns 242 shares of the company’s stock worth $41,000 after buying an additional 174 shares in the last quarter. 9.03% of the stock is owned by institutional investors.
Diageo stock opened at $138.67 on Friday. Diageo plc has a 12-month low of $100.52 and a 12-month high of $176.22. The company has a quick ratio of 0.53, a current ratio of 1.15 and a debt-to-equity ratio of 1.14. The business’s 50-day moving average price is $133.94 and its two-hundred day moving average price is $150.40. The stock has a market cap of $81.42 billion, a PE ratio of 20.54, a P/E/G ratio of 4.94 and a beta of 0.60.
A number of brokerages recently commented on DEO. Royal Bank of Canada cut Diageo from an “outperform” rating to a “sector perform” rating in a research report on Monday, April 20th. Jefferies Financial Group cut Diageo from a “hold” rating to an “underperform” rating in a research report on Friday, April 24th. Argus cut Diageo from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Zacks Investment Research cut Diageo from a “hold” rating to a “sell” rating and set a $146.00 price target on the stock. in a research report on Friday. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Diageo in a research report on Tuesday, March 17th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Diageo has an average rating of “Hold” and a consensus price target of $160.50.
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, Bundaberg, McDowell's No.
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