Barrett & Company Inc. Invests $27,000 in Diageo plc (NYSE:DEO)

Barrett & Company Inc. bought a new stake in Diageo plc (NYSE:DEO) in the first quarter, HoldingsChannel reports. The fund bought 260 shares of the company’s stock, valued at approximately $27,000.

Other hedge funds have also added to or reduced their stakes in the company. Insigneo Advisory Services LLC boosted its stake in shares of Diageo by 12.1% during the 1st quarter. Insigneo Advisory Services LLC now owns 5,029 shares of the company’s stock worth $527,000 after buying an additional 544 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI raised its holdings in Diageo by 21.1% during the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 55,348 shares of the company’s stock worth $5,800,000 after acquiring an additional 9,659 shares in the last quarter. Inscription Capital LLC bought a new stake in Diageo during the first quarter worth about $179,000. Grove Bank & Trust boosted its position in Diageo by 1.3% during the first quarter. Grove Bank & Trust now owns 7,560 shares of the company’s stock valued at $792,000 after purchasing an additional 98 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its position in Diageo by 7.1% during the first quarter. QRG Capital Management Inc. now owns 11,597 shares of the company’s stock valued at $1,215,000 after purchasing an additional 767 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on DEO. Morgan Stanley reaffirmed an “underweight” rating on shares of Diageo in a research report on Monday, May 12th. 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 initiated coverage on shares of Diageo in a research report on Wednesday, April 2nd. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $129.00.

Diageo Stock Performance

Shares of NYSE DEO opened at $102.31 on Wednesday. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $56.92 billion, a P/E ratio of 14.94 and a beta of 0.58. Diageo plc has a 12 month low of $100.72 and a 12 month high of $142.73. The stock has a 50 day moving average of $110.26 and a 200-day moving average of $113.69.

Diageo Company 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.