Vestmark Advisory Solutions Inc. boosted its stake in Diageo plc (NYSE:DEO – Get Rating) by 29.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,409 shares of the company’s stock after acquiring an additional 6,397 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Diageo were worth $4,824,000 at the end of the most recent quarter.
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Other institutional investors have also added to or reduced their stakes in the company. BCGM Wealth Management LLC boosted its holdings in shares of Diageo by 6.7% during the 3rd quarter. BCGM Wealth Management LLC now owns 6,027 shares of the company’s stock worth $996,000 after buying an additional 378 shares in the last quarter. America First Investment Advisors LLC raised its position in shares of Diageo by 3.3% during the third quarter. America First Investment Advisors LLC now owns 89,340 shares of the company’s stock worth $15,171,000 after purchasing an additional 2,894 shares during the period. Atwater Malick LLC raised its position in Diageo by 2.8% in the 3rd quarter. Atwater Malick LLC now owns 38,291 shares of the company’s stock valued at $6,502,000 after buying an additional 1,027 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in Diageo by 5.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 99,040 shares of the company’s stock valued at $16,817,000 after buying an additional 5,135 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its position in Diageo by 19.4% in the 3rd quarter. Avantax Advisory Services Inc. now owns 6,961 shares of the company’s stock valued at $1,182,000 after buying an additional 1,132 shares during the last quarter. 9.04% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Diageo from GBX 4,350 ($53.08) to GBX 4,500 ($54.91) in a research report on Thursday, December 1st. Barclays cut their target price on Diageo from GBX 5,430 ($66.26) to GBX 5,010 ($61.13) in a research note on Tuesday, December 13th. Deutsche Bank Aktiengesellschaft lowered their price target on Diageo from GBX 3,160 ($38.56) to GBX 2,750 ($33.56) in a report on Thursday, January 12th. Morgan Stanley cut Diageo from an “overweight” rating to an “equal weight” rating in a report on Friday, January 6th. Finally, StockNews.com began coverage on Diageo in a report on Wednesday, October 12th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $4,113.33.
Diageo Trading Up 0.8 %
Shares of NYSE DEO traded up $1.47 during midday trading on Thursday, hitting $184.90. The company’s stock had a trading volume of 5,783 shares, compared to its average volume of 437,916. The company has a current ratio of 1.53, a quick ratio of 0.69 and a debt-to-equity ratio of 1.60. The business’s 50 day moving average is $181.13 and its two-hundred day moving average is $177.62. Diageo plc has a 12-month low of $160.09 and a 12-month high of $212.33.
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.
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