Berkeley Capital Partners LLC Purchases Shares of 13,519 Diageo plc $DEO

Berkeley Capital Partners LLC acquired a new position in shares of Diageo plc (NYSE:DEO) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 13,519 shares of the company’s stock, valued at approximately $1,290,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its stake in Diageo by 72,871.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,568,162 shares of the company’s stock worth $158,133,000 after purchasing an additional 1,566,013 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Diageo by 8.5% in the third quarter. Envestnet Asset Management Inc. now owns 1,547,626 shares of the company’s stock valued at $147,690,000 after purchasing an additional 121,008 shares in the last quarter. Confluence Investment Management LLC grew its holdings in shares of Diageo by 0.9% during the third quarter. Confluence Investment Management LLC now owns 1,363,504 shares of the company’s stock worth $130,119,000 after buying an additional 12,678 shares in the last quarter. Cullen Capital Management LLC grew its holdings in shares of Diageo by 67.5% during the third quarter. Cullen Capital Management LLC now owns 1,309,258 shares of the company’s stock worth $124,943,000 after buying an additional 527,814 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Diageo by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,276,576 shares of the company’s stock valued at $121,824,000 after buying an additional 4,227 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research note on Wednesday, January 21st. Royal Bank Of Canada raised shares of Diageo from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Diageo in a research report on Friday, November 28th. Zacks Research cut shares of Diageo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Finally, Barclays restated an “overweight” rating on shares of Diageo in a report on Thursday, December 11th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $116.50.

Diageo Trading Up 1.4%

Shares of NYSE:DEO opened at $96.47 on Friday. Diageo plc has a 12-month low of $84.52 and a 12-month high of $116.69. The business has a 50 day moving average of $90.94 and a 200-day moving average of $96.12. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.64 and a current ratio of 1.63.

Diageo 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.