Capricorn Fund Managers Ltd Purchases Shares of 15,000 Diageo plc $DEO

Capricorn Fund Managers Ltd acquired a new position in shares of Diageo plc (NYSE:DEO) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,000 shares of the company’s stock, valued at approximately $1,117,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DEO. Spire Wealth Management grew its holdings in shares of Diageo by 123.6% in the 4th quarter. Spire Wealth Management now owns 322 shares of the company’s stock worth $28,000 after purchasing an additional 178 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of Diageo by 8,000.0% during the 4th quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock worth $29,000 after purchasing an additional 320 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in Diageo during the 4th quarter valued at about $30,000. Texas Capital Bancshares Inc TX bought a new position in Diageo during the 3rd quarter valued at about $32,000. Finally, Q Fund Management Hong Kong Ltd acquired a new position in Diageo in the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Price Performance

Shares of DEO stock opened at $80.38 on Wednesday. Diageo plc has a 1 year low of $72.45 and a 1 year high of $116.41. The firm’s 50 day moving average is $81.67 and its 200-day moving average is $84.47. The company has a current ratio of 1.60, a quick ratio of 0.71 and a debt-to-equity ratio of 1.53.

Analysts Set New Price Targets

Several brokerages have weighed in on DEO. BNP Paribas Exane raised shares of Diageo from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 25th. TD Cowen upgraded shares of Diageo from a “hold” rating to a “buy” rating and lifted their target price for the company from $88.00 to $93.00 in a research note on Thursday, June 25th. Argus raised Diageo to a “hold” rating in a report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. Finally, Loop Capital set a $99.00 price target on Diageo in a report on Thursday, June 18th. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $106.25.

Diageo Company 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.