Osaic Holdings Inc. Grows Position in Diageo plc $DEO

Osaic Holdings Inc. raised its position in shares of Diageo plc (NYSE:DEO) by 42.2% during the 2nd quarter, Holdings Channel reports. The fund owned 99,998 shares of the company’s stock after purchasing an additional 29,674 shares during the period. Osaic Holdings Inc.’s holdings in Diageo were worth $10,099,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC bought a new position in Diageo during the fourth quarter valued at $202,000. Nuveen LLC purchased a new stake in shares of Diageo during the 1st quarter valued at about $1,060,000. Russell Investments Group Ltd. lifted its holdings in shares of Diageo by 11.0% in the 1st quarter. Russell Investments Group Ltd. now owns 3,378 shares of the company’s stock valued at $354,000 after acquiring an additional 336 shares during the last quarter. American Century Companies Inc. grew its position in Diageo by 3.8% in the first quarter. American Century Companies Inc. now owns 106,859 shares of the company’s stock worth $11,198,000 after acquiring an additional 3,894 shares in the last quarter. Finally, Brooklyn Investment Group increased its stake in Diageo by 91.4% during the first quarter. Brooklyn Investment Group now owns 735 shares of the company’s stock worth $77,000 after acquiring an additional 351 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Bank of America lowered their price objective on Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a research note on Friday, September 26th. Zacks Research lowered Diageo from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research note on Wednesday, October 8th. Barclays reissued an “overweight” rating on shares of Diageo in a research note on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Diageo in a report on Friday, November 28th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $119.00.

Diageo Stock Up 0.9%

NYSE:DEO opened at $89.14 on Friday. Diageo plc has a twelve month low of $85.13 and a twelve month high of $127.90. The stock has a fifty day simple moving average of $92.32 and a 200-day simple moving average of $99.88. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 1.64.

Diageo Company Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.