Diageo plc $DEO Position Boosted by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its holdings in Diageo plc (NYSE:DEO) by 353.7% during the second quarter, Holdings Channel reports. The firm owned 717,740 shares of the company’s stock after purchasing an additional 559,547 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Diageo were worth $72,377,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Confluence Investment Management LLC increased its holdings in shares of Diageo by 14.0% in the second quarter. Confluence Investment Management LLC now owns 1,350,826 shares of the company’s stock valued at $136,217,000 after buying an additional 165,839 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Diageo by 9.8% during the 1st quarter. Raymond James Financial Inc. now owns 1,069,567 shares of the company’s stock worth $112,080,000 after acquiring an additional 95,037 shares in the last quarter. Cambiar Investors LLC grew its holdings in shares of Diageo by 6.7% in the 2nd quarter. Cambiar Investors LLC now owns 517,688 shares of the company’s stock worth $52,204,000 after acquiring an additional 32,430 shares during the last quarter. Douglas Lane & Associates LLC raised its position in shares of Diageo by 11.7% during the second quarter. Douglas Lane & Associates LLC now owns 419,290 shares of the company’s stock worth $42,281,000 after purchasing an additional 44,011 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Diageo by 1,544.5% during the first quarter. BNP Paribas Financial Markets now owns 396,676 shares of the company’s stock valued at $41,568,000 after purchasing an additional 372,555 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors.

Diageo Stock Down 2.8%

NYSE DEO opened at $89.48 on Friday. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64. Diageo plc has a 1-year low of $86.57 and a 1-year high of $132.34. The firm’s fifty day simple moving average is $93.92 and its 200-day simple moving average is $101.64.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. UBS Group reissued a “neutral” rating on shares of Diageo in a research note on Wednesday. Zacks Research cut shares of Diageo from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Bank of America dropped their target price on shares of Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a research report on Friday, September 26th. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group raised shares of Diageo from a “sell” rating to a “neutral” rating in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $119.00.

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.