Diageo plc (NYSE:DEO) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its holdings in shares of Diageo plc (NYSE:DEO) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,645 shares of the company’s stock after buying an additional 400 shares during the quarter. Park Avenue Securities LLC’s holdings in Diageo were worth $1,116,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. CoreFirst Bank & Trust purchased a new stake in Diageo in the 4th quarter valued at $25,000. Orion Capital Management LLC purchased a new position in shares of Diageo in the 4th quarter valued at about $25,000. Perkins Coie Trust Co acquired a new stake in shares of Diageo during the 1st quarter worth about $27,000. BNP Paribas acquired a new stake in shares of Diageo during the 4th quarter worth about $32,000. Finally, Measured Risk Portfolios Inc. acquired a new position in Diageo during the fourth quarter worth approximately $32,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Morgan Stanley reissued an “underweight” rating on shares of Diageo in a report on Monday, May 12th. Berenberg Bank initiated coverage on Diageo in a research note on Wednesday, April 2nd. They issued a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $129.00.

Diageo Price Performance

NYSE DEO opened at $107.25 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The stock’s 50-day moving average is $110.27 and its two-hundred day moving average is $114.04. The firm has a market cap of $59.67 billion, a P/E ratio of 15.66, a price-to-earnings-growth ratio of 2.39 and a beta of 0.58. Diageo plc has a fifty-two week low of $100.72 and a fifty-two week high of $142.73.

About Diageo

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.