Diageo plc (NYSE:DEO) Shares Bought by Malaga Cove Capital LLC

Malaga Cove Capital LLC boosted its stake in shares of Diageo plc (NYSE:DEO) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,101 shares of the company’s stock after buying an additional 100 shares during the quarter. Malaga Cove Capital LLC’s holdings in Diageo were worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Canoe Financial LP grew its position in Diageo by 88,407.3% during the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after buying an additional 8,104,301 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Diageo by 11.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company’s stock valued at $4,795,000 after purchasing an additional 3,964 shares during the last quarter. Maia Wealth LLC grew its position in shares of Diageo by 24.7% in the fourth quarter. Maia Wealth LLC now owns 13,112 shares of the company’s stock valued at $1,648,000 after purchasing an additional 2,593 shares during the last quarter. Aviso Financial Inc. grew its position in shares of Diageo by 3.4% in the fourth quarter. Aviso Financial Inc. now owns 242,637 shares of the company’s stock valued at $30,846,000 after purchasing an additional 7,954 shares during the last quarter. Finally, Tevis Investment Management grew its position in shares of Diageo by 159.7% in the fourth quarter. Tevis Investment Management now owns 13,869 shares of the company’s stock valued at $1,763,000 after purchasing an additional 8,528 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Performance

Shares of DEO opened at $112.88 on Thursday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The company has a market capitalization of $62.79 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 2.39 and a beta of 0.60. Diageo plc has a 1 year low of $100.72 and a 1 year high of $143.32. The company’s 50 day simple moving average is $109.06 and its 200 day simple moving average is $115.83.

Wall Street Analyst Weigh In

DEO has been the topic of several research reports. Morgan Stanley reiterated an “underweight” rating on shares of Diageo in a research report on Monday. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Berenberg Bank assumed coverage on shares of Diageo in a research note on Wednesday, April 2nd. They set a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Diageo has a consensus rating of “Hold” and an average target price of $129.00.

Diageo Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.