Weitz Investment Management Inc. increased its stake in Diageo plc (NYSE:DEO – Free Report) by 25.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,700 shares of the company’s stock after acquiring an additional 3,000 shares during the quarter. Weitz Investment Management Inc.’s holdings in Diageo were worth $2,663,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Pinnacle Holdings LLC bought a new stake in Diageo during the 1st quarter valued at $33,000. GPS Wealth Strategies Group LLC bought a new stake in Diageo during the 1st quarter valued at $36,000. Thompson Investment Management Inc. bought a new stake in Diageo during the 1st quarter valued at $36,000. Almanack Investment Partners LLC. bought a new stake in Diageo during the 3rd quarter valued at $49,000. Finally, ST Germain D J Co. Inc. increased its stake in Diageo by 22.2% during the 4th quarter. ST Germain D J Co. Inc. now owns 1,570 shares of the company’s stock valued at $51,000 after purchasing an additional 285 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.
Diageo Stock Up 0.6 %
Shares of NYSE:DEO opened at $161.45 on Friday. The company’s 50-day moving average is $171.01 and its 200 day moving average is $175.16. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.63 and a quick ratio of 0.62. Diageo plc has a fifty-two week low of $159.28 and a fifty-two week high of $191.93.
Diageo Increases Dividend
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. The Goldman Sachs Group lowered shares of Diageo from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 14th. Jefferies Financial Group lowered shares of Diageo from a “buy” rating to a “hold” rating in a research note on Friday, May 12th. Credit Suisse Group reduced their target price on shares of Diageo from GBX 3,850 ($48.62) to GBX 3,800 ($47.99) in a research note on Wednesday, August 9th. JPMorgan Chase & Co. reduced their target price on shares of Diageo from GBX 4,500 ($56.83) to GBX 4,000 ($50.52) in a research note on Tuesday, June 20th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Diageo from GBX 2,920 ($36.88) to GBX 2,950 ($37.26) in a research note on Friday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Diageo has an average rating of “Hold” and a consensus target price of $3,898.33.
Check Out Our Latest Research Report on DEO
About Diageo
Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.
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