Transatlantique Private Wealth LLC Acquires Shares of 85,950 Diageo plc $DEO

Transatlantique Private Wealth LLC bought a new position in Diageo plc (NYSE:DEO) during the third quarter, Holdings Channel.com reports. The firm bought 85,950 shares of the company’s stock, valued at approximately $8,202,000. Diageo makes up about 2.7% of Transatlantique Private Wealth LLC’s portfolio, making the stock its 4th biggest holding.

Several other institutional investors also recently modified their holdings of DEO. Equity Investment Corp purchased a new position in shares of Diageo in the 3rd quarter worth about $92,970,000. Federated Hermes Inc. increased its holdings in Diageo by 7.2% during the third quarter. Federated Hermes Inc. now owns 726,578 shares of the company’s stock worth $69,337,000 after buying an additional 48,909 shares during the last quarter. Savant Capital LLC bought a new stake in Diageo in the second quarter worth about $310,000. Osaic Holdings Inc. boosted its stake in Diageo by 42.2% in the second quarter. Osaic Holdings Inc. now owns 99,998 shares of the company’s stock valued at $10,099,000 after acquiring an additional 29,674 shares during the last quarter. Finally, Confluence Investment Management LLC boosted its stake in Diageo by 0.9% in the third quarter. Confluence Investment Management LLC now owns 1,363,504 shares of the company’s stock valued at $130,119,000 after acquiring an additional 12,678 shares during the last quarter. 8.97% of the stock is owned by institutional investors.

Diageo Stock Performance

Shares of DEO stock opened at $100.32 on Monday. The company’s fifty day simple moving average is $91.17 and its two-hundred day simple moving average is $96.02. Diageo plc has a 1 year low of $84.52 and a 1 year high of $116.69. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.63 and a quick ratio of 0.64.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays restated an “overweight” rating on shares of Diageo in a research note on Thursday, December 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research report on Wednesday, January 21st. Sanford C. Bernstein set a $124.00 target price on Diageo and gave the company an “outperform” rating in a research note on Monday, December 29th. UBS Group reiterated a “neutral” rating on shares of Diageo in a research note on Wednesday, December 3rd. Finally, Zacks Research lowered Diageo from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $116.50.

Diageo Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.