15,000 Shares in Diageo plc $DEO Acquired by Capricorn Fund Managers Ltd

Capricorn Fund Managers Ltd bought a new position in shares of Diageo plc (NYSE:DEO) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,000 shares of the company’s stock, valued at approximately $1,117,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Spire Wealth Management lifted its stake in shares of Diageo by 123.6% in the fourth quarter. Spire Wealth Management now owns 322 shares of the company’s stock worth $28,000 after buying an additional 178 shares during the last quarter. Sound Income Strategies LLC grew its stake in Diageo by 8,000.0% in the 4th quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock valued at $29,000 after buying an additional 320 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in Diageo in the 4th quarter valued at $30,000. Texas Capital Bancshares Inc TX acquired a new position in Diageo in the 3rd quarter valued at $32,000. Finally, Q Fund Management Hong Kong Ltd bought a new position in Diageo in the 4th quarter worth $43,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Down 3.4%

NYSE:DEO opened at $80.38 on Wednesday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.71. Diageo plc has a 12-month low of $72.45 and a 12-month high of $116.41. The firm has a 50-day moving average price of $81.67 and a 200 day moving average price of $84.47.

Analysts Set New Price Targets

A number of research firms have issued reports on DEO. Argus upgraded shares of Diageo to a “hold” rating in a report on Tuesday, March 10th. TD Cowen upgraded Diageo from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $88.00 to $93.00 in a research note on Thursday, June 25th. Zacks Research raised Diageo from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. BNP Paribas Exane raised Diageo from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 25th. Finally, Loop Capital set a $99.00 target price on Diageo in a report on Thursday, June 18th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Diageo has an average rating of “Hold” and a consensus price target of $106.25.

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.