Jones Financial Companies Lllp reduced its stake in Diageo plc (NYSE:DEO) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,057 shares of the company’s stock after selling 660 shares during the period. Jones Financial Companies Lllp’s holdings in Diageo were worth $5,704,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of DEO. Fisher Asset Management LLC increased its stake in Diageo by 2,801.7% in the fourth quarter. Fisher Asset Management LLC now owns 422,482 shares of the company’s stock valued at $61,695,000 after purchasing an additional 407,922 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Diageo by 88.9% during the fourth quarter. Deutsche Bank AG now owns 360,915 shares of the company’s stock valued at $52,703,000 after buying an additional 169,832 shares during the last quarter. Jennison Associates LLC acquired a new position in shares of Diageo during the fourth quarter valued at about $17,434,000. Renaissance Technologies LLC grew its holdings in shares of Diageo by 27.8% during the fourth quarter. Renaissance Technologies LLC now owns 473,300 shares of the company’s stock valued at $69,116,000 after buying an additional 102,820 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Diageo by 4.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,193,871 shares of the company’s stock valued at $174,341,000 after buying an additional 51,327 shares during the last quarter. 11.87% of the stock is owned by hedge funds and other institutional investors.
Diageo plc (DEO) opened at $136.27 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.31 and a quick ratio of 0.63. Diageo plc has a 52 week low of $111.89 and a 52 week high of $147.62.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Diageo from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Natixis cut shares of Diageo from a “buy” rating to a “neutral” rating in a report on Wednesday, March 7th. Macquarie upgraded shares of Diageo from an “underperform” rating to a “neutral” rating in a report on Wednesday, February 7th. BNP Paribas cut shares of Diageo from an “outperform” rating to a “neutral” rating in a report on Monday, January 29th. Finally, Royal Bank of Canada cut shares of Diageo from an “outperform” rating to a “sector perform” rating in a report on Monday, January 29th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $153.00.
Diageo Company Profile
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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