Simplicity Solutions LLC Makes New Investment in Diageo plc (NYSE:DEO)

Simplicity Solutions LLC bought a new position in Diageo plc (NYSE:DEO – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,561 shares of the company’s stock, valued at approximately $283,000.

Several other hedge funds and other institutional investors have also bought and sold shares of DEO. Boyd Watterson Asset Management LLC OH purchased a new stake in Diageo in the fourth quarter worth approximately $26,000. Arcus Capital Partners LLC bought a new stake in Diageo in the fourth quarter valued at approximately $29,000. Beacon Capital Management LLC lifted its position in Diageo by 681.8% in the fourth quarter. Beacon Capital Management LLC now owns 172 shares of the company’s stock valued at $31,000 after purchasing an additional 150 shares during the last quarter. Pinnacle Holdings LLC bought a new stake in Diageo in the first quarter valued at approximately $33,000. Finally, GPS Wealth Strategies Group LLC bought a new stake in Diageo in the first quarter valued at approximately $36,000. Hedge funds and other institutional investors own 9.72% of the company’s stock.

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Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Diageo from GBX 4,500 ($58.84) to GBX 4,000 ($52.30) in a research report on Tuesday, June 20th. Barclays lowered their price objective on Diageo from GBX 4,890 ($63.94) to GBX 4,720 ($61.72) in a research report on Thursday, June 15th. StockNews.com downgraded Diageo from a “buy” rating to a “hold” rating in a report on Friday, May 12th. Credit Suisse Group decreased their target price on Diageo from GBX 4,200 ($54.92) to GBX 3,850 ($50.34) in a report on Wednesday, June 7th. Finally, Morgan Stanley downgraded Diageo from an “equal weight” rating to an “underweight” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $3,908.89.

Diageo Price Performance

Shares of DEO stock opened at $177.72 on Friday. The stock has a market cap of $100.11 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 2.79 and a beta of 0.67. The business’s fifty day moving average is $172.98 and its 200 day moving average is $177.19. Diageo plc has a twelve month low of $160.09 and a twelve month high of $194.04. The company has a quick ratio of 0.78, a current ratio of 1.57 and a debt-to-equity ratio of 1.63.

Diageo Company Profile

(Free Report)

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.

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