Bradyco Inc. Has $1.06 Million Holdings in Diageo plc (NYSE:DEO)

Bradyco Inc. trimmed its holdings in shares of Diageo plc (NYSE:DEO) by 13.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,090 shares of the company’s stock after selling 1,512 shares during the period. Diageo accounts for approximately 0.8% of Bradyco Inc.’s holdings, making the stock its 23rd largest holding. Bradyco Inc.’s holdings in Diageo were worth $1,057,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of DEO. FMR LLC increased its holdings in shares of Diageo by 10.9% in the fourth quarter. FMR LLC now owns 5,813,938 shares of the company’s stock valued at $739,126,000 after purchasing an additional 571,873 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its position in Diageo by 234.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,600,702 shares of the company’s stock valued at $330,627,000 after buying an additional 1,822,994 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Diageo by 0.3% in the 4th quarter. Royal Bank of Canada now owns 1,540,800 shares of the company’s stock valued at $195,883,000 after buying an additional 3,876 shares during the period. Bank of Montreal Can increased its stake in shares of Diageo by 1,181.5% in the 4th quarter. Bank of Montreal Can now owns 1,406,004 shares of the company’s stock valued at $178,745,000 after buying an additional 1,296,285 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Diageo by 9.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,220,534 shares of the company’s stock worth $155,167,000 after acquiring an additional 103,540 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DEO shares. Morgan Stanley reissued an “underweight” rating on shares of Diageo in a research note on Monday, May 12th. Berenberg Bank began coverage on shares of Diageo in a report on Wednesday, April 2nd. They set a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $129.00.

Diageo Stock Performance

Shares of NYSE:DEO opened at $106.83 on Thursday. Diageo plc has a 1 year low of $100.72 and a 1 year high of $142.73. The stock has a market capitalization of $59.43 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 2.39 and a beta of 0.58. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The company’s 50 day simple moving average is $110.16 and its 200 day simple moving average is $114.13.

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.