Diageo plc (NYSE:DEO) Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC increased its holdings in shares of Diageo plc (NYSE:DEO) by 6.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,112 shares of the company’s stock after acquiring an additional 801 shares during the quarter. Bleakley Financial Group LLC’s holdings in Diageo were worth $1,374,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. GeoWealth Management LLC boosted its position in Diageo by 1.3% during the fourth quarter. GeoWealth Management LLC now owns 6,944 shares of the company’s stock worth $883,000 after acquiring an additional 92 shares during the last quarter. Aptus Capital Advisors LLC boosted its position in Diageo by 5.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,867 shares of the company’s stock worth $237,000 after acquiring an additional 95 shares during the last quarter. 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 worth $792,000 after acquiring an additional 98 shares during the last quarter. Malaga Cove Capital LLC boosted its position in Diageo by 3.3% during the fourth quarter. Malaga Cove Capital LLC now owns 3,101 shares of the company’s stock worth $394,000 after acquiring an additional 100 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in Diageo by 2.8% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,735 shares of the company’s stock worth $475,000 after acquiring an additional 103 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Price Performance

Shares of DEO stock opened at $101.63 on Wednesday. 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 firm’s 50-day moving average is $107.03 and its two-hundred day moving average is $110.50. Diageo plc has a 12 month low of $99.26 and a 12 month high of $142.73. The company has a market capitalization of $56.54 billion, a PE ratio of 14.84 and a beta of 0.56.

Analyst Ratings Changes

A number of equities analysts recently weighed in on DEO shares. Morgan Stanley restated an “underweight” rating on shares of Diageo in a research report on Monday, May 12th. Berenberg Bank started coverage on shares of Diageo in a research report on Wednesday, April 2nd. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company 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.