Quantinno Capital Management LP Buys 986 Shares of Diageo plc (NYSE:DEO)

Quantinno Capital Management LP boosted its stake in shares of Diageo plc (NYSE:DEO – Free Report) by 25.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,886 shares of the company’s stock after acquiring an additional 986 shares during the quarter. Quantinno Capital Management LP’s holdings in Diageo were worth $885,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. FORA Capital LLC bought a new stake in Diageo during the fourth quarter worth approximately $606,000. KMG Fiduciary Partners LLC bought a new stake in Diageo during the first quarter worth approximately $1,239,000. True North Advisors LLC bought a new stake in Diageo during the fourth quarter worth approximately $1,072,000. Avidian Wealth Solutions LLC bought a new stake in Diageo during the fourth quarter worth approximately $303,000. Finally, Clearbridge Investments LLC increased its stake in Diageo by 22.1% during the fourth quarter. Clearbridge Investments LLC now owns 1,519,860 shares of the company’s stock worth $270,824,000 after acquiring an additional 275,377 shares during the last quarter. 9.72% of the stock is owned by institutional investors.

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Diageo Trading Up 0.5 %

Shares of NYSE DEO opened at $177.05 on Friday. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.63. The stock has a 50 day moving average price of $172.85 and a 200 day moving average price of $177.14. Diageo plc has a 52-week low of $160.09 and a 52-week high of $194.04.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DEO. The Goldman Sachs Group lowered Diageo from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 14th. Morgan Stanley lowered Diageo from an “equal weight” rating to an “underweight” rating in a research report on Thursday, July 20th. Jefferies Financial Group lowered Diageo from a “buy” rating to a “hold” rating in a research report on Friday, May 12th. Credit Suisse Group dropped their target price on Diageo from GBX 4,200 ($53.85) to GBX 3,850 ($49.37) in a research report on Wednesday, June 7th. Finally, Barclays dropped their target price on Diageo from GBX 4,890 ($62.70) to GBX 4,720 ($60.52) in a research report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $4,022.50.

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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